A new employment trends measure from the Conference Board signals that more months of job losses lie ahead.
Unemployment is likely to continue to rise as companies cut more jobs, according to a new index from a respected business research group released Monday.
The Conference Board's Employment Trends Index (ETI) uses eight widely followed readings on employment and economic activity from both government and industry sources.
The Conference Board said the decline in the index's May reading suggests that the labor market hasn't yet hit bottom. The organization has computed the index readings back 35 years and found that it accurately predicts all turns in the labor market accurately during that period.
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