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E.J. Antoni: Paychex job index improves for fourth month in June

E.J. Antoni: Paychex job index improves for fourth month in June
Paychex job index up for fourth month

E.J. Antoni reports that the Paychex job index stayed below the key 100 threshold in June, but showed improvement for four consecutive months and now stands higher than a year ago. This marks the first annual increase since March 2022. Weekly paychecks rose 2.80% year-over-year, though this was slightly lower than the increase recorded in May.

Antoni previously reported a recent rise in jobless claims, stating that levels continue to stay below last year's figures and more data is expected here. He has also highlighted a 1.5% decline in U.S. utility prices since the start of the Iran war here. These updates provide further context to shifting trends in employment and consumer costs.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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