The Conference Board released its Employment Trends Index (ETI) for the U.S on Monday. The index decreased to 129.09 in February from 129.15 in January. January's figure was revised up from 128.90.
Five of the eight components declined.
"The flatness of the Employment trends index since September suggests that the rapid job growth in recent months is likely to slow down. In particular, we are concerned about the temporary help industry component, one of the most powerful leading indicators of employment growth, which has declined for the second month in a row in February," Managing Director of Macroeconomic and Labour Market Research at The Conference Board, Gad Levanon, said.