Conference Board Employment Index declines in September
New York City — The Conference Board Employment Trends Index, released Tuesday, showed a decrease in September to 100.95, down from the revised figure of 101.37 in August. The September figure is up 4.4% from the same month a year ago.
According to Gad Levanon, director of macroeconomic research at The Conference Board, “Despite the somewhat better than expected employment numbers released on Friday, the decline in the Employment Trends Index in September suggests that weak job growth is likely to continue for the rest of 2011. Even as the economy remains slow going into the next year, we do not expect a major acceleration in layoffs, because employers have kept their workforce quite lean since the 2008/09 recession.”
Jo-Ann increases holiday hiring
Hudson, Ohio — Jo-Ann Fabric and Craft Stores said Monday it will increase its work force by more than 15% for the holiday season.
Tom Williams, senior VP human resources for Jo-Ann, announced the company has begun the seasonal recruiting process and will hire more than 3,000 additional employees before the holidays.
The company attributes the seasonal hiring to anticipation of increased traffic in stores through the holiday season.
Walgreens names exec additions to pharmacy, health and wellness division
Deerfield, Ill. — Walgreen Co. said Tuesday it has added two executives to its pharmacy, health and wellness division.
Dr. Jeffrey Kang will join the company on Oct. 31 as senior VP health and wellness services and solutions.
In addition, Mike Ellis has joined Walgreens as VP specialty pharmacy and infusion.
Most recently, Kang was chief medical officer at CIGNA. Ellis has served as senior VP specialty trade relations and contracting and pharmaceutical services for CVS Caremark.