Conference Board employment survey suggests no job growth

New York City The Conference Board Employment Trends Index dropped from a revised July reading of 88.2 to 88.1 in August. The Index is down 18.5% from its August 2008 reading of 109.3, and this latest slight monthly decline suggests no job growth will happen until at least the end of this year and dulls overall recovery expectations.

“The fact that the index cannot get off the ground is another sign of a weak recovery, perhaps a jobless one,” said Gad Levanon, senior economist at The Conference Board.