The Conference Board Employment Trends Index gained 0.50 percentage points in June, rising from 99.5 to 100.00—an increase of 5.4% from June 2010.
“The behavior of the Employment Trends Index in recent months is consistent with weak job growth, rather than an outright decline,” said Gad Levanon, associate director of macroeconomic research at The Conference Board. “The abysmal uptick in employment in the past two months is not just a reaction to the slowdown in economic activity in the first half of 2011 but also a result of employers becoming downbeat about their hiring needs in the coming months.”
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