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E.J. Antoni: Employment Trends Index dipped 0.1 percent in October, up 2.4 percent year over year

E.J. Antoni: Employment Trends Index dipped 0.1 percent in October, up 2.4 percent year over year
Employment Trends Index up year over year

The Employment Trends Index recorded a slight decrease of 0.1 percent month over month in October, while showing a 2.4 percent increase compared to the previous year. Driving the annual rise were factors such as initial unemployment insurance claims, hiring in the temporary help industry, and increased difficulty in filling job openings.

E.J. Antoni reported these changes, highlighting the contrast in annual rate of change from September.

Antoni previously reported that real median weekly earnings declined in Q3 to their lowest level since Q2 2024. He has also noted that CPI rent prices are lagging and do not reflect current market rent trends. These earlier findings provide context for the latest labor market indicators.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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