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Conference Board Reports Continued Growth in Employment Trends Index

04/05/2010
The Conference Board announced today that its Employment Trends Index rose in March for the seventh consecutive month to 94.4. That is an increase from February's 93.7 figure, and a 5.5 percent increase from a year ago. Over the past three months, all of the index's eight factors have improved.

"The solid rise in the ETI and the widespread improvement across its components suggest that the March increase in employment was not a fluke and the economy is likely to continue to add jobs in the coming months," said Gad Levanon, associate director of macroeconomic research at the Conference Board. "However, we do not expect job growth to significantly accelerate in the short term, as both consumption and investment growth are likely to remain relatively weak."

The eight labor-market indictors are percentage of respondents who say they find jobs "hard to get," initial claims for unemployment insurance, percentage of firms with positions not able to fill right now, number of employees hired by the temporary-help industry, part-time workers for economic reasons, job openings, industrial production, and real manufacturing and trade sales.

The improving indicators for this report were percentage of respondents who say they find jobs "hard to get," initial claims for unemployment insurance, number of temporary employees, industrial production, and real manufacturing and trade sales.

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