The Conference Board’s US employment trends index fell in November to a reading of 128.69 from October’s upwardly revised reading of 129.75. The November reading is up 2.7% from the same month a year ago.  

“Despite the strong numbers on job creation in the past few months, the employment trends index posted the largest one-month decline since the Great Recession, with five of the eight components contributing negatively to the index,” said Gad Levanon, managing director of macroeconomic and labor market research at The Conference Board. “While two of the components — initial claims for unemployment and our forecast of job openings — suggest modest adverse developments, their levels are still healthy. However, the past month’s weakness in consumer confidence in job growth and the slowdown in temporary help needs careful watching. Overall, there is reason for caution to not linearly extrapolate the current strong growth into 2016.”

The US Department of Labor on Friday reported the US added 211,000 jobs in November; it lost a record 12,300 temp jobs.