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Employment trends index signals strong job growth

August 04, 2014

The Conference Board’s U.S. employment trends index increased in July to a reading of 120.31, up from June’s upwardly revised reading of 119.92. The July reading is up 6.6 percent from the same month a year ago.

“The six-month growth rate in the employment trends index is the strongest in over two years, suggesting solid job growth is likely to continue in the coming months,” said Gad Levanon, director of macroeconomic research at The Conference Board. “The pickup in economic activity in recent months will likely increase the need and willingness of employers to accelerate hiring.”