Conference Board Employment Trends Index edges down 0.1% to 108.36 in October, up 2.4% year over year
Key points
- The October Employment Trends Index slipped 0.1% to 108.36 and is up 2.4% year over year
- Nonfarm payrolls added 165,000 jobs in October and unemployment ticked down to 4.1%
- The share of firms unable to fill positions rose to 36% from 32%
The Conference Board's Employment Trends Index slipped 0.1% to 108.36 in October from an upwardly revised 108.43 in September, released November 9. It is up 2.4% year over year, versus 1.9% in September. The index is a leading indicator for future nonfarm payrolls. Nonfarm payrolls added 165,000 jobs in October and unemployment ticked down to 4.1%. Temporary help hiring rose by 18,600, and the share of firms unable to fill positions rose to 36% from 32%.
Original report: Staffing Industry Analysts ↗Edited with AI assistance. Facts are based on official sources and original reports.