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Employment trends index up for ninth month

June 07, 2010

The Conference Board's U.S. employment trends index rose to a reading of 95.7 in May, its ninth consecutive monthly increase. April's revised reading was 95.2.

"The ongoing growth in the employment trends index suggests that the disappointing uptick in payroll employment in May could just be a one-month blip, and that jobs will likely expand further in the next several months," said Gad Levanon, associate director of macroeconomic research at The Conference Board. "However, as some of the components of the [employment trends index] have yet to signal robust gains, the pace of recovery in employment may remain moderate."