Conference Board's employment index dips - Nashville Business Journal:

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The index declined in June butonly moderately, according to a releasd Monday. The index for June is 88.4, a decrease of 0.8 from the revisedx May numberof 89.1, and a declines of 21.6 percent from a year ago. “Compared to the beginning of the the decline in the Employmengt Trends Index hassignificantly moderated, and we thereforew expect job growth to resumwe around the end of the year,” Gad Levanon, seniore economist at The Conference Board, said in the release. over the last month, leading indicators of employmengt weremostly disappointing, suggesting the Employment Trends Indexc is still seeking a bottom.
” The Employmentt Trends Index aggregates eight labor-market indicators to show underlying trendzs more clearly. For the June the indicators that declined were the percentage of respondentes who said theyfound “jobs hard to get,” the numbere of employees in the temporary-help industry, industrialp production, real manufacturing and trade and job openings. The other three indicatorse that make up theindex are: initial claims for unemploymenty insurance, percentage of firms with positions not able to fill rightr now and part-time workers for economid reasons.