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The Conference Board Employment Trends Index (ETI)™ Declines Moderately in June

July 6, 2009

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The Conference Board Employment Trends Index (ETI)™ saw a moderate decline in June. The index now stands at 88.4, decreasing 0.8 percent from the revised May figure of 89.1, and down 21.6 percent from a year ago.

"Compared to the beginning of the year, the decline in the Employment Trends Index has significantly moderated, and we therefore expect job growth to resume around the end of the year," said Gad Levanon, Senior Economist at The Conference Board. "However, over the last month, leading indicators of employment were mostly disappointing, suggesting the Employment Trends Index is still seeking a bottom." This month, the components of the Employment Trends Index™ showed a mixed picture, resulting in the moderate decline. The declining indicators were the Percentage of Respondents Who Say They Find "Jobs Hard to Get," the Number of Employees in the Temporary-Help Industry, Industrial Production, Real Manufacturing and Trade Sales and Job Openings.

The Employment Trends Index™ aggregates eight labor-market indicators, each of which has proven accurate in its own area. Aggregating individual indicators into a composite index filters out so-called "noise" to show underlying trends more clearly.

The eight labor-market indicators aggregated into the Employment Trends Index™ include:

The Conference Board publishes the Employment Trends Index™ monthly, at 10 a.m. ET on the Monday that follows each Friday release of the Bureau of Labor Statistics employment situation report. The technical notes are included here.

ABOUT THE CONFERENCE BOARD

The Conference Board is a global, independent business-membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance AND better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.

THE CONFERENCE BOARD EMPLOYMENT TRENDS INDEX (ETI)™
Release Dates for 2009

Monday, August 10
*Tuesday, September 8
Monday, October 5
Monday, November 9
Monday, December 7

*Tuesday release due to Labor Day

For further information contact:
Gad Levanon
1 212 339 0317
gad.levanon@conference-board.org

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