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The Conference Board released its Employment Trends Index (ETI) for the U.S on Monday. The index increased to 129.33 in December from 128.27 in November. November's figure was revised down from 128.69.
Seven of the eight components climbed.
"The Employment Trends Index rebounded sharply in December, nearly erasing November's entire decline. However, the slowdown in the ETI growth rate in recent months, combined with weak GDP growth in the fourth quarter, suggests that the pace of job growth is likely to slow in the coming months," Managing Director of Macroeconomic and Labour Market Research at The Conference Board, Gad Levanon, said.
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