High monthly employment rises post-pandemic could slow down (Il Sole 24 Ore Radiocor) - Washington, 10 Jun - The US employment trends index increased to 111.44 in May from 110.48 in April, according to data from The Conference Board.

'The ETI rose in May, another small oscillation that we have continued to observe since the ETI started the downward trajectory its been on since a peak in March 2022,' said Will Baltrus, Associate Economist at The Conference Board.

'May's uptick signals employment could increase in the second half of 2024, but the ETI's longer-term downward trajectory signals the high level of monthly increases in employment observed post-pandemic could slow down. That said, the Index remains far above its prepandemic level, which suggests aggregate job losses are less likely than a deceleration in hiring.'.

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(RADIOCOR) 10-06-24 16:09:41 (0456) 5 NNNN