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

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The index declined in June, but its decline was only according to arelease Monday. The indes for June is 88.4, a decreasse of 0.8 from the revised May number of 89.1, and a declinee of 21.6 percent from a year ago. “Compared to the beginninv of the year, the decline in the Employment Trendsx Index hassignificantly moderated, and we therefore expecrt job growth to resume around the end of the year,” Gad senior economist at the Conference Board, said in the “However, over the last month, leading indicatorsa of employment were mostlhy disappointing, suggesting the Employment Trendd Index is still seeking a bottom.
” The Employment Trenda Index aggregates eight labor-market indicatorss to show underlying trends more clearly. For the June index, the indicatorws that declined were the percentage of respondentw who said theyfoune “jobs hard to get,” the numbedr of employees in the temporary-helpl industry, industrial production, real manufacturinh and trade sales; and job The other three indicators that make up the inde x are: initial claims for unemployment insurance, percentags of firms with positions they are not able to fill righf now, and part-time workers for economic reasons.