Report: Employment Trends Index increases 8% year-over-year
New York City — The Conference Board’s Employment Trends Index, released Monday, increased in February for the fifth consecutive month.
According to the Conference Board, the index now stands at 101.7, up from January’s revised figure of 100.1. The index is up over 8% from a year ago.
“In the past half year, the economy has been adding, on average, about 110,000 jobs per month,” said Gad Levanon, associate director, macroeconomic research at The Conference Board. “The strong growth in the Employment Trends Index suggests that the pickup in jobs may accelerate in the next couple of quarters. However, with a shrinking government, a stagnant construction sector, and a manufacturing recovery that has only a small impact on overall employment, overall job growth will still be modest.”
Brooks Bros. retains branding firm
New York City — Strategic branding firm Graj + Gustavsen said Monday that it has been retained by Brooks Bros. to consult on the apparel retailer’s branding initiatives.
According to Lou Amendola, chief merchandising officer for Brooks Bros., “We are excited to be working with the team at Graj + Gustavsen. Their deep expertise in consumer brand positioning and insight into market trends made them the ideal partner as we continue to explore brand building opportunities for Brooks Bros.”
Ascena Retail Group names HR head for Dressbarn
Suffern, N.Y. — Dressbarn parent Ascena Retail Group announced Monday it has named John Pershing as senior VP human resources over Dressbarn, with additional responsibilities for Ascena Retail Group’s compensation, benefits and human resources information system.
Pershing will report to Jeff Gerstel, executive VP and COO, effective immediately. Pershing succeeds David Montieth, who announced his retirement after 20 years with the company.