Strong job growth, tight labor market: The Conference Board
July 06, 2021
The historically fast job growth will continue, according to The Conference Board Employment Trends Index, but a tight labor market will also remain.
“The very rapid improvement in the Employment Trends Index in June suggests that strong job growth will continue through the summer,” said Gad Levanon, head of The Conference Board Labor Markets Institute.
The Conference Board Employment Trends Index rose to a reading of 109.84 in June from a reading of 107.70 in May. That’s up 28.2% from a year ago.
However, the US labor market is likely to remain very tight in the coming months.
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