By Joshua KirbyAn index that gauges U.S. employment trends picked up pace in July, signaling more jobs should be added to an already tight labor market in the coming months. The Conference Board's Employment Trends Index climbed to 115.45 in July, up from a downwardly revised 113.56 in June, the private-research group said Monday. The index shows continued job growth ahead, though the rate may slow, said Selcuk Eren, senior economist at The Conference Board. The Employment Trends Index is a leading composite index for employment that aggregates eight indicators, four of which rose in July. According to Labor Department data set out last week, unemployment filings rose slightly but remained at a low level, suggesting the labor market remains solid.

Source: Wall Street Journal August 07, 2023 14:34 UTC