The Conference Board's Employment Trends Index (ETI) slipped to 113.65 in September from a downwardly revised 114.68 in September, initially reported as 114.78, and is up 4.9% from a year ago, the group announced Tuesday.

"Like many other economic indicators, the October decline of the Employment Trends Index was partially due to the government shutdown," said Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board. "The latest job numbers do in fact show some strengthening in the employment trend. But as domestic demand was weaker than expected in the third quarter, we might see some moderation in employment growth in the coming months."

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