US Employment trends for May 107.49 versus 108.00 last month | Forexlive

According to the Conference Board:

ETI is composed of 8 indicators:

1. Initial Claims for Unemployment Insurance

2. Percentage of Respondents Who Say Jobs Are Hard to Get

3. Number of Employees Hired by the Temporary-Help Industry

4. Part-Time Workers for Economic Reasons (Involuntary)

5. Job Openings

6. Industrial Production

7. Real Manufacturing and Trade Sales

8. Ratio of Involuntary Part-Time to All Part-Time Workers

Components dragging the index lower in May:

Despite those weaknesses, the overall labor market remains resilient, with high employment and strong wage growth helping cushion against emerging tariff-related headwinds

On Friday the US employment data painted a mixed yet generally stable picture for labor market conditions:

Headline data showed an increase of 139,000 nonfarm payrolls, slightly exceeding consensus forecasts and marking a modest cooling from earlier readings—Tuesday’s March and April gains were revised down by a total of 95,000 jobs. The unemployment rate remained steady at 4.2%, but this reflected a drop in labor force participation, with 625,000 individuals exiting the workforce.

Sector dynamics revealed that job creation was concentrated in health care (+62K), leisure & hospitality (+48K), and social assistance (+16K), while federal government jobs declined sharply (–22K) and industries such as manufacturing and temporary help showed little change . Meanwhile, average hourly earnings rose 0.4% m/m, translating to a 3.9% year-over-year gain, underscoring continued wage strength