The Conference Board's Employment Trends Index (ETI) gained to 113.54 in August from an upwardly revised 112.80 in July, and is up 4.5% from a year ago, the group announced Monday.

"The growth of the Employment Trends Index (ETI) in recent months suggests that employment is likely to moderately expand through the fall," said Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board. "The rapid job growth in the first half of 2013 was faster than we had expected given weak economic activity and only moderate improvement in the ETI. The slowing down of employment in the past two months brings the six-month trend to a more sustainable rate."

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