The Conference Board's U.S. employment trends index has risen 0.3% from its revised August reading and now stands at 88.5, The Conference Board announced today.

"The employment trends index has likely turned a corner in September, and the historical relationship between the index and employment suggests that job losses will end in early 2010," said Gad Levanon, senior economist at The Conference Board. "While layoffs have certainly declined in recent months, we still expect to see employers adding hours to their existing workforce before hiring will strongly increase."