Conference Board News Release (06/04/12)

The Conference Board Employment Trends Index increased 0.29% in May to 108.34, up from the revised figure of 108.03 in April. The May figure is 7.6% higher than a year ago. “While growth in employment has slowed significantly in recent months, the Employment Trends Index does not signal further slowing in the coming months,” says Gad Levanon, Director of Macroeconomic Research at the Conference Board. “Employers have been very cautious in hiring in the past two months, but at the moment, economic activity in the U.S. is just strong enough to require a modestly growing work force.”