The Conference Board's Employment Trends Index (ETI) crept up 0.51% to 108.59 in August from a downwardly revised 108.04 in July, originally reported as 108.11, and is up 6.2% from a year ago, the group announced Monday.

"Despite this month's rise, the Employment Trends Index has barely increased since February, suggesting that slow job growth will continue in the short-term," said Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board. "Economic activity expanded by less than a 2 percent rate in recent months, and this pace is likely to continue through the end of the year. In such an environment, it's difficult to foresee the economy adding much more than 100,000 jobs per month."

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