The Conference Board’s employment trends index slid to 100.6 in July from an upwardly revised 100.9 in June, originally reported as 100.0, and is up 4.0% from a year ago, the group announced Monday.

“The employment trends index declined in three of the past four months, and is signaling employment growth of less than 100,000 per month through the end of 2011,” said Gad Levanon, associate director of macroeconomic research at the board. “Despite weak employment growth in recent months, [gross domestic product] has been growing even slower in the first half of 2011. There is simply not enough growth in production to warrant stronger hiring.”

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