The Conference Board's Employment Trends Index (ETI) gained to 111.68 in April from an upwardly revised 111.61 in March, originally reported as 111.20, and is up 3.8% from a year ago, the group announced Monday.

"Despite weak economic activity, 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. "On average, employment has grown almost as fast as GDP over the past three years, and that is likely to continue into the third quarter of 2013. As a result, the average labor productivity of American workers will struggle to improve until GDP growth accelerates."

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