Last Friday, the Bureau of Labor Statistics released its official employment report, which noted that hiring was more robust in the last three months than analysts at first thought.
Shortly after this was released, the New York-based research group Conference Board released its Employment Trends Index, which showed that job prospects also rose last month, suggesting hiring will continue into May, Bloomberg reports.\
According to the new source, the index ticked up 0.1 percent to 111.7, compared with March's revised reading of 111.6. On the year, the reading rose a strong 3.8 percent.
Gad Levanon, director of macroeconomic research at the Conference Board, stated that the reading is "still signaling moderate job growth in the coming months," and that the rise in employment seen last month is expected to last throughout the quarter, and possibly spill over into the third quarter of 2013.
This, he added, suggests worker productivity will most likely stay the same for the bulk of the year.
According to the media outlet, the Conference Board reported that five of its eight indexes, released alongside the official Labor Department figures, resulted in an overall gain in the job prospects measurement. The eight segments that saw growth included an increase in the number of contract workers who found jobs and a decline in the amount of unemployment applications that were filed.
According to Dow Jones Business News, Levanon added that on average, "employment has grown almost as fast as [gross domestic product] over the past three years, and that is likely to continue into the third quarter of 2013."
Dow Jones noted that the index is currently sitting at its highest level since June 2008, when it rose to 113.15.
As employers report a higher demand for workers, many are using this time as an opportunity to turn to new labor solutions that focus on improving contract worker productivity, resulting in lower turnover and labor costs.