ConferenceBoardETI: ConferenceBoardETI

In PCRA: Companion to Portfolio Construction and Risk Analysis

ConferenceBoardETI

Description

Monthly time series of the Conference Board Employment Trends Index from November 1973 to December 2023.

Usage

data(ConferenceBoardETI)

Format

A data frame with a time series of month-end observations of the Conference Board Employment Trends Index (ETI) from November 1973 to December 2023.

• Date: type 'Date'. Last Day of Month. The time series extends from November 1973 to December 2023.

• ETI: type 'num'. Level of the Conference Board Employment Trends Index on the last day of the month.

Details

This data set provides a monthly time series of the Conference Board Employment Trends Index (ETI) from November 1973 to December 2023. Details of the index's construction as well as its most recent value can be found at https://www.conference-board.org/data/eti.cfm. Technical details related to the construction of the index are available at https://www.conference-board.org/pdf_free/press/Employment while details of its revision in November 2020 can be found at https://www.conference-board.org/pdf_free/press/Employment The change was made following the COVID-19 driven recession in 2020. The Conference Board ETI combines 8 measures of employment to create a composite index of employment trends. 1. Percentage of respondents who say they find “Jobs Hard to Get” (Source: The Conference Board Consumer Confidence Survey) 2. Initial Claims for Unemployment Insurance, State Programs (Source: U.S. Department of Labor). 3. Percentage of Firms With Positions Not Able to Fill Right Now (Source: © National Federation of Independent Business Research Foundation) 4. Number of Employees Hired by the Temporary-Help Industry (Source: U.S. Bureau of Labor Statistics) 5. Part-time Workers for Economic Reasons (Bureau of Labor Statistics) 6. Job Openings (Bureau of Labor Statistics, through Job Openings and Labor Turnover Survey): 7. Industrial Production (Federal Reserve Board) 8. Real Manufacturing and Trade Sales (U.S. Bureau of Economic Analysis).

Source

The Conference Board. The Conference Board ETI Data is provided by the Conference Board for educational purposes only. The Conference Board makes no representation or warranty of any kind, express or implied, including regarding the accuracy, adequacy, validity, reliability, availability or completeness of The Conference Board ETI Data. All rights reserved. Redistribution of the data is not permitted, and use use of the data in derivative works is not permitted without the written permission of the Conference Board.

References

Chapter 13 (Expected Returns) of Martin, Philips, Scherer, Stoyanov and Li, Portfolio Construction and Risk Analysis, Springer, 2024.

Examples

 
data(ConferenceBoardETI)
names(ConferenceBoardETI)
head(ConferenceBoardETI, 5)
tail(ConferenceBoardETI, 5)

PCRA documentation built on July 15, 2026, 9:06 a.m.