Conference Board Employment Trends Index Shows Year-on-Year Growth in October
The Conference Board's Employment Trends Index (ETI) edged down slightly to 108.36 in October, representing a 0.1% month-over-month decline from September. However, the index showed significant year-on-year strength, increasing by 2.4% compared to October 2025, marking an acceleration from previous monthly annual growth rates. The report highlights mixed signals within the labor market components. Positive drivers included a rise in firms unable to fill positions and increased hiring in the temporary-help industry. Conversely, negative pressures stemmed from a decrease in job openings—estimated at 7.45 million—and a decline in real manufacturing and trade sales.
Topics: Economic Indicators Employment Trends Index Nonfarm Payrolls Unemployment Rate