Conference Board ETI Falls to 97.0 in September

The Conference Board’s employment trends index slid to 97.0 in September from an upwardly revised 97.3 in August, and is 9.3% higher than a year ago, the business group announced Tuesday.

However, the labor market gauge is only 0.6% higher than it was in April,

“Continued slow job growth remains the most likely scenario over the next several months,” said Gad Levanon, associate director of macroeconomic research at the board.

“We may see negative job numbers next year,” he added.

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