New York City -- The Conference Board Employment Trends Index increased in November to 103.7, up from the revised figure of 102.42 in October. The November figure is up 6.4% from the same month a year ago.
"The Employment Trends Index posted a large increase for the second straight month, with all of its components showing gains over these two months. The better-than-expected growth in economic activity in recent months is likely to lead to some acceleration in job growth in the beginning of 2012," said Gad Levanon, director of macroeconomic research at the Conference Board.
However, Levanon cautioned that the improvement may be short lived, in particular as the U.S. economy slows down once again in the coming quarters.