Conference Board predicts moderate job growth

The Conference Board on Tuesday predicted moderate job growth with its Employment Trends Index showing just a slight uptick from previous months. 

"The moderate increase in the Employment Trends Index in the last two months suggests that many employers are now concerned that the recovery is losing momentum," said Gad Levanon, associate director of macroeconomic research at the Conference Board.

 The Index for June stands at 96.7, up from May's revised figure of 96.1. 

"The weak growth in private sector employment in the last two months has been disappointing given the robust recovery in production in recent quarters," Levanon said.