The Conference Board Employment Trends Index(TM) (ETI) Declined Slightly in August; Job Growth Slowing, But Still Healthy
The Conference Board Employment Trends Index(TM) (ETI) declined slightly in August, following an increase in July. The index now stands at 110.62, almost unchanged from 110.72 (a downward revision) in July. The decrease marks a 0.5 percent decline in the ETI over the past 12 months.
"In August, for only the second time since the financial crisis, the year-over-year growth in the Employment Trends Index turned negative. And indeed, job growth has clearly slowed in 2...