Job creation will continue over the next six months, but at a slower pace, according to a report released Monday.
The Index of Leading Employment Indicator, a quarterly report releasd by the A. Gary Anderson Center for Economic Research at Chapman University, has decreased from 113.9 in the third quarter to 112.2 in the fourth quarter of this year. This decline, largely driven by a drop in construction spending, signals a slowing in the pace of employment growth, according to the report.
A reading over 100, however, is generally considered a sign of positive job growth overall. Other components of the index, including year over year percentage change in real GDP, real exports and the S&P 500, showed positive growth.