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The Conference Board released its Employment Trends Index (ETI) for the U.S on Monday. The index increased to 128.28 in April from 126.42 in March. March's figure was revised down from 127.50.
All eight components increased in April.
"Despite the April bounce back in the Employment Trends Index, its growth has slowed in recent months, suggesting that job growth will also slow. Employers have become more cautious as economic growth remains moderate and profits decline. Looking ahead, we anticipate job growth will remain below 200,000 a month," Chief Economist, North America, at The Conference Board, Gad Levanon, said.
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