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Employment Trends Index moving sideways, but labor market to get tighter

May 06, 2019

The Conference Board’s Employment Trends Index is moving sideways, but the organization says the labor market will still continue to tighten.

April’s index level increased marginally to 110.79 compared to March, which had a downwardly revised reading of 110.73. Overall, the index is up 2.3% over the past 12 months.

“The Employment Trends Index increased slightly in April, but has been moving mostly sideways in recent months,” said Gad Levanon, Chief Economist, North America, at The Conference Board. “In the past month, most economic indicators, including Friday’s job report, came out stronger than expected, essentially eliminating fears of a major slowdown in the US economy.”

Levanon continued, “still, the behavior of the [Employment Trends Index] in recent months suggests that employment will grow more slowly in the coming quarters than it did in the past year, which is to be expected in such a tight labor market.”

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