Labor Market Exhibits 'Continued Resilience,' The Conference Board Finds

3-line summary

• The Conference Board's Employment Trends Index grew in July, suggesting "continued resilience in the labor market," the organization said, according to a Yahoo Finance report; the composite index rebounded after declining in May and June but remained only 0.6% above its year-ago level.
• Seasonal education-worker cuts and normalizing leisure/hospitality hiring after the FIFA World Cup lowered nonfarm payrolls by 23,000 in July, per the report.

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