The Conference Board's Employment Trends Index (ETI) gained to 111.20 in March from an upwardly revised 111.43 in February, originally reported as 111.14, and is up 3.7% from a year ago, the group announced Monday.

"Despite the decline in March, the Employment Trends index is still signaling moderate job growth in the coming months," said Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board. "The current trend suggests faster growth than the disappointing increase of 88,000 jobs in March. At the same time, 200,000 new jobs per month in the current economic environment is not in the cards either."

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