The Conference Board's Employment Trends Index (ETI) crept up 0.50% to 108.16 in October from a downwardly revised 107.63 in September, originally reported as 107.86, and is up 4.6% from a year ago, the group announced Monday.

"The Employment Trends Index bounced back in October, but only to the levels of July and August," said Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board. "This is still a weak signal. And given the recent sluggishness of economic activity, employment growth is poised to remain slow in the coming months as well."

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