The Conference
Board (CB) announced on Monday that its employment trends index (ETI) for the
U.S., a leading composite indicator for employment, came in at 107.83 in June, unchanged compared to an upwardly
revised 107.83 (from 107.49) in May.
According to
the report, the ETI’s June flat performance reflected slight negative
contributions from 5 of its eight components - Job Openings, Real Manufacturing
and Trade Sales, Industrial Production, Initial Claims for Unemployment
Insurance, and Number of Employees Hired by the Temporary-Help Industry - which were offset by positive contributions
from such 3 components as Percentage of Firms with Positions Not Able to Fill
Right Now, Ratio of Involuntarily Part-time to All Part-time Workers,
Percentage of Respondents Who Say They Find ‘Jobs Hard to Get.
Commenting on
the latest data, Mitchell Barnes, Economist at The CB, noted that the ETI’s June
print underscored that the U.S. labour market remains stable, though ongoing
uncertainty continues to temper consumer and business confidence.