The Conference Board's Employment Trends Index (ETI) gained to 111.76 in May from a downwardly revised 111.11 in April, originally reported as 111.68, and is up 3.0% from a year ago, the group announced Monday.

"While the increase in the Employment Trends Index (ETI) in May erased the small declines of the previous two months, overall, the growth in the ETI has remained weak," said Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board. "Taken together with other recent indicators of economic activity, the ETI is suggesting that a significant improvement in employment growth is unlikely this summer."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.