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The Conference Board employment trends index fell to a reading of 107.86 in September, down from the revised reading of 108.23 in August. The September figure is 5.4 percent higher than a year ago.
“In September, the employment trends index declined for the third time in four months, suggesting that employment growth will weaken further in the fourth quarter,” said Gad Levanon, director of macroeconomic research at The Conference Board. “The U.S. economy entered a soft patch in the spring and the result has been lackluster job growth, which is likely to continue through the first half of 2013.”