US July employment trends 115.45 vs 114.31 prior

<ul><li>Prior was 114.31 (revised to 113.56)</li></ul><p>“The ETI ticked up in July after two months of decline, signaling continued job growth in the coming months," said Selcuk Eren, Senior Economist at The Conference Board.
“The Index peaked in March 2022 and has been on a slow downward trend
since then but remains elevated and notably above pre-pandemic levels.
We expect positive employment growth for the coming months even if the
rate slows down. With continued strength in the labor market and
elevated wage growth, we anticipate the Federal Reserve will raise
interest target rates one more time”.</p><p>This is a low-tier composite indicator.</p><p>The latest increase was driven by positive
contributions from four of its eight components: Percentage of
Respondents Who Say They Find “Jobs Hard to Get”, Ratio of Involuntarily
Part-time to All Part-time Workers, Initial Claims for Unemployment
Insurance, and Job Openings.</p>

This article was written by Adam Button at www.forexlive.com.