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Conference Board: Employment Trends Index increased in September

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Conference Board: Employment Trends Index increased in September

Upward momentum continues.

The Conference Board Employment Trends Index increased in September, and has gained 6.1% since a year ago.

"Hiring is strong, but productivity growth is weak, and the participation rate continues to decline." 

"The Employment Trends Index increased for the ninth consecutive month, signaling solid job growth through year end," said Gad Levanon, Director of Macroeconomic Research at The Conference Board. "A combination of positive and negative forces has been driving the rapid decline in the unemployment rate in recent years. Hiring is strong, but productivity growth is weak, and the participation rate continues to decline. None show signs of reversing."

September's increase in the ETI was driven by positive contributions from six of its eight components. In order from the largest positive contributor to the smallest, these were: Industrial Production, Real Manufacturing and Trade Sales, Initial Claims for Unemployment Insurance, Ratio of Involuntarily Part-time to All Part-time Workers, Number of Temporary Employees, and Job Openings.

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