(wire)
Job market improves for sixth consecutive month
The U.S. job market improved in February for the sixth consecutive time, fueled by a strong recovery in manufacturing production, according to The Conference Board.
The private research group's Employment Trends Index climbed to 93.5 for the month, up from 93.2 in January.
The index has increased 13.4 percent over the last six months, the highest sixth-month growth rate since 1994.
According to Gad Levanon, senior economist at The Conference Board, "The past two jobless recoveries in 1991 and 2002 were a result of continuous decline in manufacturing employment. This time, the strong recovery in manufacturing production has already led to two consecutive monthly increases in manufacturing employment. We are likely to see this trend continue over the next several months, which will contribute to overall job growth."
The private research group's Employment Trends Index climbed to 93.5 for the month, up from 93.2 in January.
The index has increased 13.4 percent over the last six months, the highest sixth-month growth rate since 1994.
According to Gad Levanon, senior economist at The Conference Board, "The past two jobless recoveries in 1991 and 2002 were a result of continuous decline in manufacturing employment. This time, the strong recovery in manufacturing production has already led to two consecutive monthly increases in manufacturing employment. We are likely to see this trend continue over the next several months, which will contribute to overall job growth."
