The Conference Board Employment Trends Index decreased again in September, following a downward revision in August. The index now stands at 107.86, down from the revised figure of 108.23 in August. The September figure is 5.4 percent higher than a year ago.
September’s decline in the ETI was driven by negative contributions from five of the eight components. The weakening indicators— beginning with the largest negative contributor—were Ratio of Involuntarily Part-time to All Part-time Workers, Percentage of Firms with Positions Not Able to Fill Right Now, Initial Claims for Unemployment Insurance, Number of Temporary Employees and Job Openings.