Conference Board News Release (08/04/14)

The Conference Board Employment Trends Index increased in July and now stands at 120.31, up from an upwardly revised 119.92 in June. This represents a 6.6% gain in the ETI compared with a year ago.

“The six-month growth rate in the [ETI] is the strongest in over two years, suggesting solid job growth is likely to continue in the coming months,” says 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.”

July’s increase in the ETI was driven by positive contributions from five of its eight components including number of temporary employees.