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Employment trends: Losing momentum?

July 06, 2010

The Conference Board's U.S. employment trends index inched up to a reading of 96.7 in June from 96.1 in May.

"The weak growth in private sector employment in the last two months has been disappointing given the robust recovery in production in recent quarters," said Gad Levanon, associate director of macroeconomic research at The Conference Board. "The moderate increase in the employment trends index in the last two months suggests that many employers are now concerned that the recovery is losing momentum."