Conference Board News Release (07/06/15)
The Conference Board Employment Trends Index 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% gain in the ETI compared with a year ago.
“The growth in the [ETI] accelerated in Q2, suggesting strong job growth through the summer,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “The combination of solid job growth and nearly flat labor force growth should lower the unemployment rate to 5% by year end.”