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The Conference Board’s employment trends index increased in February to a reading of 116.39, up from January’s downwardly revised reading of 115.99. The February reading is up 4.4 percent from the same month a year ago.
“February’s job report and the ongoing improvement in the Employment Trends Index should provide some relief for those concerned about weakness in the U.S. economy and labor market,” said Gad Levanon, director of macroeconomic research at The Conference Board. “The majority of the ETI’s components have been steadily rising in recent months, suggesting solid job growth will continue in the coming months.”