Conference Board News Release (08/10/15)
The Conference Board Employment Trends Index increased in July for a second consecutive month. The index now stands at 127.89, up from 127.57 in June. The change represents a 4.4% gain in the ETI compared with a year ago.
“The growth in the [ETI] slowed down in the past 3-6 months, suggesting that we may see somewhat slower job growth in the months ahead,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “Still, with almost no expansion of the labor force, a slowing of employment growth to 150,000-200,000 jobs a month would be enough to rapidly tighten the labor market.”
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