The Conference Board’s Employment Trends Index grew to 101.92 in October from an upwardly revised 101.20 in September, originally reported as 100.95, and is up 5.0% from a year ago, the group announced Monday.

“The increase in the Employment Trends Index in October, and the upward revisions for September and August, signal a slightly more optimistic outlook for jobs,” said Gad Levanon, associate director of the board’s macroeconomic research. “However, given the deterioration in the confidence of consumers, businesses and investors in recent months, we think that the economy is simply not strong enough to deliver more than 125,000 jobs a month.”

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