Conference Board News Release (06/10/13)

The Conference Board Employment Trends index increased to 111.76 in May from a revised 111.11 in April, up 3% from May 2012. While this offsets the declines of April and March, growth is still slow, and employment is unlikely to grow significantly this summer. The improvement stems from positive signals in seven of the eight ETI components. Positive components were number of temporary employees, job openings, percentage of firms with positions not able to fill right now, real manufacturing and trade sales, percentage of respondents who say they find “jobs hard to get,” industrial production, and ratio of involuntary part-time to all part-time workers.