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View All NewsEmployment trends index rises in March
April 05, 2010
The Conference Board's U.S. employment trends index rose to a reading of 94.4 in March from 93.7 in February. The index is also up 5.5% from a year ago.
"The solid rise in the [employment trends index] 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," Gad Levanon, associate director of macroeconomic research at The Conference Board, said in a press release. "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."