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Employment Trends Index declined slightly in September to 132.74
The Conference Board Employment Trends Index™ (ETI) declined slightly in September, following a larger drop in August. The index now stands at 132.74, slightly down from 132.78 (a strong downward revision) in August. The change represents a 3.8 percent gain in the ETI compared to a year ago.
“Several components that led to the decline in the Employment Trends Index in August and September were impacted by hurricanes Harvey and Irma,” said Gad Levanon, Chief Economist, North America, at The Conference Board. “The Employment Trends Index is expected to pick up again, signaling further employment growth and more wage pressures in the months ahead.”
September’s small decline in the ETI was mostly the result of a large increase in the Initial Claims for Unemployment Insurance component.
Posted: October 9, 2017 Monday 10:00 AM