The Conference Board employment trends index rose slightly in June to a reading of 111.64 in June from its downwardly revised reading of 111.59 in May. The June reading is up 3.8 percent from the same month a year ago.

“In the second quarter of 2013, the Employment Trends Index grew more slowly than in the previous two quarters,” said Gad Levanon, director of macroeconomic research at The Conference Board. “Even though employment has been growing faster than expected in recent months, the current slowing of the ETI suggests that acceleration in employment growth is unlikely in the near future.”