Notizie economiche
10.06.2024

CB’s U.S. employment trends index rises 0.9 per cent in May

The Conference Board (CB) reported on Monday its employment trends index (ETI) for the U.S., a leading composite indicator for employment, jumped by 0.9 per cent to 111.44 in May from a downwardly revised 110.48 (from 111.25) in April. 

According to the report, last month’s advance in the ETI was due to positive contributions from 6 of its 8 components, including Percentage of Respondents Who Say They Find “Jobs Hard to Get,” Job Openings, Percentage of Firms with Positions Not Able to Fill Right Now, Ratio of Involuntarily Part-time to All Part-time Workers, Industrial Production, and Real Manufacturing and Trade Sales.

Commenting on the latest data, Will Baltrus, associate economist at the CB, said that the ETI’s May uptick signals employment could rise in the second half of the year, but noted that the ETI’s longer-term downward trajectory signals the high level of monthly increases in employment observed post-pandemic could slow down. “That said, the Index remains far above its pre-pandemic level, which suggests aggregate job losses are less likely than a deceleration in hiring,” he added.

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