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Conference Board Employment Trends Index increased in July

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Conference Board Employment Trends Index increased in July

Shows Strong Positive Momentum.

The Conference Board Employment Trends Index increased again in July, reflecting a 6.6% gain compared to a year ago.

"The six-month growth rate in the Employment Trends Index is the strongest in over two years, suggesting solid job growth is likely to continue in the coming months," said Gad Levanon, Director of Macroeconomic Research at The Conference Board. "The pickup in economic activity in recent months will likely increase the need and willingness of employers to accelerate hiring."

"The six-month growth rate in the Employment Trends Index is the strongest in over two years."

July's increase in the ETI was driven by positive contributions from five of its eight components. In order from the largest positive contributor to the smallest, these were: Initial Claims for Unemployment Insurance, Job Openings, Industrial Production, Number of Temporary Employees, and Real Manufacturing and Trade Sales.

Note: The Employment Trends Index aggregates eight labor-market indicators, each of which has proven accurate in its own area. Aggregating individual indicators into a composite index filters out "noise" to show underlying trends more clearly.

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