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View All NewsIndex: Employment may slow further
September 07, 2010
The Conference Board's U.S. employment trends index fell to a reading of 96.7 in August from July's revised reading of 97.4 suggesting employment may slow further. Still, the index is up by 9.4% from its August 2009 reading.
"Employment growth has been slow lately, and the employment trends index suggests that it may slow even further this fall," said Gad Levanon, associate director of macroeconomic research at The Conference Board. "However, we still expect job growth rather than an outright decline in the next several months."