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Index suggests robust job growth, Friday’s disappointing numbers just noise: The Conference Board

April 09, 2018

Jobs growth in the US increased in March, The Conference Board’s Employment Trends Index rose to a reading of 107.72 in March, up from a downwardly revised reading of 107.31 in February.

The change in March represents a 5.5% gain in the index compared to a year ago.

“The ETI continued its upward trend in March, suggesting that job growth will remain robust in the coming months,” said Gad Levanon, chief economist, North America, at The Conference Board. “We interpret Friday’s disappointing job numbers as noise in an otherwise fast-growing labor market.”

This month’s index reflects historical revisions to initial claims for unemployment insurance, job openings and industrial production.

Separately, the US Department of Labor on Friday reported the US gained 103,000 jobs in March and temp jobs rose by 3.8% year over year.