The recovery in the labor markets is broadening out, according to a report released Monday by the Conference Board.
The board said that its April employment trends index increased 0.9% to 94.7, from a revised 93.9 in March, first reported as 94.4. The index has risen for eight consecutive months and is up 7.1% from a year ago.
The ETI report follows last Friday's government employment release that showed nonfarm payrolls increased 290,000 last month.
Despite that strong job gain, the board remains cautious about the jobs outlook.
"The employment trends index continued to rise in April, but its rate of growth has slowed in recent months," said Gad Levanon, associate director.
Source: Dow Jones Newswire