The U.S. employment index continued to decline in May, but the fundamentals of the labor market remain solid.

BlockchainPioneer2025 · 2025-06-09T15:41:13+00:00

According to reports, the U.S. Conference Board's Employment Trends Index (ETI) fell further in May, dropping from 108.00 to 107.49. Compared to early 2025, the ETI continued to slow down in May. However, despite a generally cautious attitude towards tariffs, the ETI remains above the average levels of 2017-19, indicating that the labor market is still on a solid foundation overall.The advisory committee noticed that the difference between hard data and soft data continues to exist. Although uncertainty may dampen business and consumer confidence, the employment data for May indicates that hiring continues to keep the labor market roughly balanced. However, we are starting to see some industries being eroded, which may suggest that the pressure from tariff changes is beginning to show.

BlockchainPioneer2025

2025-06-09 15:41:13

The Conference Board’s Employment Trend Index (ETI) fell further in May, falling to 107.49 from 108.00. ETI continued to slow in May compared to the beginning of 2025. But despite the general cautious approach to tariffs, the ETI is currently above the 2017-19 average, suggesting that the labor market remains on solid footing overall.

The advisory committee notes that the gap between hard data and soft data continues to exist. Although uncertainty may dampen business and consumer confidence, the May employment data indicates that hiring continues to keep the labor market roughly balanced. However, we are beginning to see some industries being eroded, which may suggest that the pressures from tariff changes are beginning to manifest.

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