The Conference Board Employment Trends Index (ETI) fell to 107.55 in July from a revised 108.19 in June, the lowest level since October 2024 but still within the narrow range seen over the past year.

• Temporary-help employment declined by -4,400 in July and has fallen in six of the first seven months of 2025.
• The share of consumers saying “jobs are hard to get” rose to 18.9% (from 17.2%), the highest since March 2021.
• Involuntary part-time work increased to 17.1% (from 16.5%), though still down from February’s peak of 18%.
• Small firms reporting unfillable jobs fell to 33% (from 36%), easing from the highest level since early 2021.
• Job openings dropped by -275,000 in June, erasing May’s gain and bringing openings 4% below January levels.