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The Conference Board Employment Trends Index fell to 106.69 in June, retreating from an upwardly revised May reading of 106.90, the New York research organization announced July 6, 2026.
The pullback in the ETI — a leading composite index for payroll employment — came with May's baseline revised higher, making the month-over-month decline marginally larger in context than the raw figures alone suggest.
A Leading Signal Steps Back The ETI is structured to move ahead of the employment cycle, not with it.
The Conference Board designed the index as a composite leading indicator for payroll employment: when the index rises, employment is expected to follow; a decline carries the opposite implication.
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