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The index declined in June, but the declinre was only moderate, according to a releasr Monday. The index for June is 88.4, a decreases of 0.8 from the revised May numbe rof 89.1, and a decline of 21.6 percent from a year ago. “Comparer to the beginning of the the decline in the Employmenyt Trends Index hassignificantly moderated, and we thereforre expect job growth to resume arouns the end of the year,” Gad senior economist at The Conference Board, said in the “However, over the last month, leading indicatorxs of employment were mostly disappointing, suggestinb the Employment Trends Index is stil seeking a bottom.
” The Employment Trends Indexc aggregates eight labor-market indicators to show underlying trends more For the June index, the indicatoras that declined were the percentage of respondents who said they found “jobs hard to get,” the number of employees in the temporary-helop industry, industrial production, real manufacturing and tradw sales, and job openings. The othedr three indicators that make up theindexs are: initial claims for unemployment percentage of firms with positions not able to fill right now and part-timer workers for economic reasons.
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