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The labor market tightened in June, as the Conference Board Employment Trends Index (ETI) increased during the month, following a decrease in May. The index stands at 108.94, a 5.2 percent gain in the ETI compared to a year ago.
Researchers said they expect the labor market to remain on a similar path in the months ahead.
“As expected, after decreasing in May, the Employment Trends Index continued its solid path upwards in June, with positive contributions from all of its components,” said Gad Levanon, chief economist, North America, at The Conference Board. “The labor market will continue to tighten in the coming months, with strong employment growth outpacing the number of people entering the labor force.”