The Conference Board’s US Employment Trends Index rose in October to a reading of 128.97 from September’s downwardly revised reading of 128.29. The October reading, which followed an increase in September, is up 1.0% from the same month a year ago.

“The Employment Trends Index increased moderately in recent months, suggesting solid job growth will continue through early 2017,” said Gad Levanon, chief economist, North America, at The Conference Board. “The moderation in the ETI’s pace of growth in recent months is typical, given the maturing of the labor market, and does not signal a significant slowdown in job growth.”

Positive contributions from seven of the eight components fueled October’s increase. The percentage of firms with positions not able to fill right now was the largest positive contributor, followed by industrial production and the number of employees hired by the temporary-help industry, respectively.

The US Department of Labor on Friday reported the US added 161,000 jobs in October and gained 6,400 temp jobs.