Reporting from Washington — The unemployment outlook got a little bit gloomier on Monday.
On the heels of Friday's disappointing jobs report, an indicator of employment trends also was down last month for the first time since the fall as more people said they found it harder to get work and more companies said they had positions they could not fill.
The Conference Board's Employment Trends Index, which combines data from eight economic indicators, decreased slightly to 107.28 in March from 107.47 the previous month, the group said Monday.
The decline was the first since September and comes after five months of strong growth.
“Together with the disappointing job growth released on Friday, and only moderate improvement in economic activity in recent months, it seems that employment growth in December to February, averaging almost 250,000 a month, may not be a sustainable trend,” said Gad Levanon, the group's director of macroeconomic research.