Commentary on Today’s U.S. Bureau of Labor Statistics Employment Situation Report By Gad Levanon, VP of The Conference Board Labor Markets Institute

The Conference Board has appointed Dana M. Peterson as Chief Economist, who will also lead the organization’s US Economy, Strategy & Finance Center. Effective September 14, she will succeed outgoing Chief Economist and US Center Leader Bart van Ark.

The Conference Board Consumer Confidence Index® decreased in July, after increasing in June. The Index now stands at 92.6 (1985=100), down from 98.3 in June.

Resurgence of new COVID-19 Cases Threatens Recent Gains

The Conference Board® Global Consumer Confidence Survey shows discretionary spending fell while expenditures on essentials rose

The Conference Board Measure of CEO Confidence™, which declined to 34 in the first quarter of 2020, increased to a reading of 44 in the second quarter. (A reading of more than 50 points reflects more positive than negative responses.)

Comment on U.S. Bureau of Labor Statistics Employment Situation Report Gad Levanon, VP of The Conference Board Labor Markets Institute

The Conference Board Consumer Confidence Index® increased in June, after virtually no change in May.

Initial COVID-19 shock to the economy may be behind us, but recovery path remains highly uncertain

Comment on U.S. Bureau of Labor Statistics Employment Situation Report Gad Levanon, Head of the Labor Markets Institute, The Conference Board