Nov 5, 2019

U.S. employment index falls despite solid jobs report

Data: The Conference Board; Table: Axios Visuals

Despite a stronger-than-expected jobs report on Friday, the Conference Board's Employment Trends Index, which follows every U.S. payrolls report, decreased in October, with negative contributions from seven of its eight components.

Why it matters: “The index suggests that job growth may slow down a little in the coming months,” said Gad Levanon, head of The Conference Board Labor Market Institute.

  • “Leading indicators of employment are sending a slightly gloomier message than Friday’s stronger-than-expected jobs report. Still, with solid growth in consumer and government spending, and housing, the economy is likely to continue generating new jobs at a healthy rate, despite low business confidence,” Levanon said.

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Health care hiring is recession-proof

Photo: Hinterhaus Productions/Getty Images

Health care hiring is driving the labor market, and it's so robust that it likely would be safe even during a recession or political upheaval, CNN Business reports.

Between the lines: No matter what happens, the population is aging and will need care.

Go deeperArrowNov 19, 2019

What the future of work looks like today

Photo: Roberto Machado Noa/LightRocket/Getty

Projections of job changes from automation reach decades into the future, but the early shoots of these changes are visible already.

Why it matters: Today's workplace, with its social inequities and imbalanced power dynamics, will define the future of jobs.

Go deeperArrowNov 23, 2019

The consumer confidence gap shrank in November

Data: The Conference Board; Chart: Axios Visuals

The gap between consumers' confidence in the current state of the economy and their outlook for future economic conditions shrunk slightly in November, according to closely watched data released by The Conference Board on Tuesday.

Why it matters: "For some time, consumers have been more positive on current conditions, but have had a more wary eye on the future. That appears to be changing, at least at the margins," Jim Baird, Plante Moran Financial Advisors' chief investment officer, wrote in a note to clients.

Go deeper: Consumers scaled back plans to buy a new car in October

Keep ReadingArrowNov 27, 2019