Unemployment Pain to Continue

Unemployment is likely to continue to rise as companies cut more jobs, according to a new index from the Conference Board's Employment Trends Index, which uses eight widely followed readings on employment and economic activity from both government and industry sources. The Conference Board said the decline in the index's May reading suggests that the labor market hasn't yet hit bottom. The organization has computed the index readings back 35 years and found that it accurately predicts all turns in the labor market accurately during that period.