US Employment Trends Index Falls to 107.01 as May Payrolls Rise 172,000
Updated
Updated · TradingView · Jun 9
US Employment Trends Index Falls to 107.01 as May Payrolls Rise 172,000
3 articles · Updated · TradingView · Jun 9
Summary
107.01 in May marked a drop from April’s revised 107.88, with the Conference Board saying the leading hiring gauge points to a moderating labor-market outlook.
Five of eight components weakened, led by small businesses reporting unfilled jobs falling to 29% from 34%, while initial jobless claims rose to 214,800 and industrial activity stayed soft.
7.6 million-plus job openings offered some support, but the Conference Board said that jump was skewed by professional and business services and may not last.
172,000 payroll gains in May show current hiring remains solid, even as the ETI—still 2.1 points above six months ago—suggests employment growth could slow later in 2026.