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Employment Trends Index edged up in June to 111.64
The Conference Board Employment Trends Index™ (ETI) edged up in June. The index now stands at 111.64, up from 111.59 (a downward revision) in May. The ETI figure for June is 3.8 percent higher than a year ago.
In the second quarter of 2013, the Employment Trends Index grew more slowly than in the previous two quarters. Even though employment has been growing faster than expected in recent months, the current slowing of the ETI suggests that acceleration in employment growth is unlikely in the near future.
June’s improvement in the ETI was driven by positive contributions from four of its eight components. The increasing indicators — from the largest positive contributor to the smallest — were Industrial Production, Initial Claims for Unemployment Insurance, Number of Temporary Employees, and Real Manufacturing and Trade Sales.
Posted: July 9, 2013 Tuesday 10:00 AM