The Conference Board's Employment Trends Index (ETI) gained to 114.78 in September from an upwardly revised 113.98 in August, initially reported as 113.54, and is up 4.5% from a year ago, the group announced Wednesday.

"The Employment Trends Index accelerated in August and September, with improvements across all eight components during these two months," said Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board. "In contrast to the gloomy headlines from Tuesday's jobs report, the ETI signals upward momentum in labor market conditions in the months ahead."

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