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Employment trends index indicates positive momentum

October 23 2013

The Conference Board employment trends index rose in September to a reading of 114.78, up from August’s upwardly revised reading of 113.98. The September reading is up 6.3 percent from the same month a year ago.

“The Employment Trends Index accelerated in August and September, with improvements across all eight components during these two months,” said Gad Levanon, director of macroeconomic research at The Conference Board. “In contrast to the gloomy headlines from Tuesday’s jobs report, the ETI signals upward momentum in labor market conditions in the months ahead.”

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