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Employment Trends Index Increased in June to 129.11
The Conference Board Employment Trends Index™ (ETI) increased in June. The index now stands at 129.11, up from 128.47 (a downward revision) in May. The change represents a 4.8 percent gain in the ETI compared to a year ago.
The growth in the Employment Trends Index accelerated in Q2, suggesting strong job growth through the summer. The combination of solid job growth and nearly flat labor force growth should lower the unemployment rate to 5 percent by year end.
June’s increase in the ETI was driven by positive contributions from seven of the eight components. In order from the largest positive contributor to the smallest, these were: Ratio of Involuntarily Part-time to All Part-time Workers, Consumer Confidence “Jobs Hard to Get,” Industrial Production, Real Manufacturing and Trade Sales, Number of Employees Hired by the Temporary-Help Industry, Job Openings, and Initial Claims for Unemployment Insurance.
Posted: July 6, 2015 Monday 10:00 AM