The Conference Board released its Employment Trends Index (ETI) for the U.S on Monday. The index declined to 128.69 in November from 129.75 in October.
Five of the eight components decreased.
"Despite the strong numbers on job creation in the past few months, the Employment Trends Index posted the largest one month decline since the Great Recession, with five of the eight components contributing negatively to the index. While two of the components - initial claims for unemployment and our forecast of job openings - suggest modest adverse developments, their levels are still healthy. However, the past month's weakness in consumer confidence in job growth and the slowdown in temporary help needs careful watching. Overall, there is reason for caution to not linearly extrapolate the current strong growth into 2016," Managing Director of Macroeconomic and Labour Market Research at The Conference Board, Gad Levanon, said.