More softening is seen in the labor market, according to the Conference Board’s employment trends index, which slid to 112.1 in July from 113.1 in June.

The index has been in a year-long decline in July, falling more than 7.5% from July 2007.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.