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Comment on U.S. Bureau of Labor Statistics Employment Situation Report by Kathy Bostjancic, Director of Macroeconomic Analysis, The Conference Board

Labor Market Improving, Together with a Little Catch Up

NEW YORK, April 4, 2014 /PRNewswire/ -- The economy generated a gain of 192,000 jobs in March. Undoubtedly, there was some catch up in hiring following the inclement weather this winter. Still, the underlying hiring trend is encouraging, with more good news expected this spring and summer. This confirms the signals from The Conference Board's Consumer Confidence Index and Leading Economic Index for the U.S. More jobs means more pay checks, lifting sentiment and resulting in more consumer buying. If demand is improving, business will respond by investing so as to supply the goods and services in demand. The key, as always, is sustained job gains in the service sector including health and education. If these numbers continue, the much-anticipated strengthening of the economy may materialize sooner rather than later.

About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org

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