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The Conference Board released its Employment Trends Index (ETI) for the U.S on Monday. The index decreased to 127.48 in March from 128.54 in February. February's figure was revised down from 129.10.
Four of the eight components declined.
"The Employment Trends Index has been showing signs of weakening in recent months, suggesting that employment growth is likely to slow through the summer. With GDP barely growing at a two percent rate, it's difficult to see how employment can continue to expand by 200,000 or more jobs per month," , Chief Economist, North America, at The Conference Board, Gad Levanon, said.
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