Home | News & Opinion | Conference Board: Employment Trends Index increased in June

Conference Board: Employment Trends Index increased in June

By
Font size: Decrease font Enlarge font
Conference Board: Employment Trends Index increased in June

Index shows strong positive momentum.

The Conference Board Employment Trends Index increased in June. The index now stands at 119.62, up from 119.03 (an upward revision) in May. This represents a 6.3% gain in the ETI compared to a year ago.

"While the strong labor market signals an improvement in economic growth, the key factor is that the average productivity of workers will need to rise as well."

"The rapid increase in the Employment Trends Index in recent months suggests that strong job growth is likely to continue through the summer," said Gad Levanon, Director of Macroeconomic Research at The Conference Board. "While the strong labor market signals an improvement in economic growth, the key factor is that the average productivity of workers will need to rise as well."

June's increase in the ETI was driven by positive contributions from seven of its eight components. In order from the largest positive contributor to the smallest, these were: Percentage of Firms With Positions Not Able to Fill Right Now, Real Manufacturing and Trade Sales, Industrial Production, Number of Temporary Employees, Percentage of Respondents Who Say They Find "Jobs Hard to Get," Job Openings, and Ratio of Involuntarily Part-time to All Part-time Workers.

 

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha