The Conference Board's Employment Trends Index (ETI) gained to 111.14 in February from an upwardly revised 109.93 in January, originally reported as 109.38, and is up 3.2% from a year ago, the group announced Monday.

"As a result of the large increase in February, and positive revisions to earlier months, the Employment Trends index is signaling an improving employment environment," said Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board. "However, even though the labor market has gained in recent months, the looming sequester is likely to slow the pace of job creation in the near term."

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