The Conference Board Employment Trends Index™ (ETI) decreased in July to 109.61, from a downwardly revised 110.58 in June.
The Employment Trends Index is a leading composite index for payroll employment. When the Index increases, employment is likely to grow as well, and vice versa. Turning points in the Index indicate that a change in the trend of job gains or losses is about to occur in the coming months.
June’s decrease in the Employment Trends Index was driven by negative contributions from six of its eight components: Ratio of Involuntarily Part-time to All Part-time Workers, Industrial Production, Real Manufacturing and Trade Sales, Percentage of Respondents Who Say They Find „Jobs Hard to Get“, Number of Employees Hired by the Temporary-Help Industry, and Job Openings.
The Employment Trends Index aggregates eight leading indicators of employment, 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.
