Affected by Tariffs, US Employment Trend Index Decreased

BlockBeats News, June 9th, the Conference Board's Employment Trends Index (ETI) for May further declined from 108.00 to 107.49. "Compared to the beginning of 2025, the ETI in May continued to slow down. However, despite the general caution towards tariffs, the current ETI remains above the 2017-2019 average level, indicating that the labor market overall is still on a solid footing."

The Conference Board noted that the difference between hard data and soft data continues to exist. "Although uncertainty may weigh on business and consumer confidence, the May employment data suggests that hiring continues to keep the labor market roughly balanced. However, we are starting to see some industries erode, which may indicate that the pressure from tariff changes is beginning to show." (Xinhua)