By Austen Hufford 

A basket of U.S. employment indicators increased in November, suggesting employers are adding jobs at an accelerating pace.

The Conference Board said its employment trends index rose to 129.96 in November from 128.95 in October. The November figure was 2.7% higher than last year.

The board's employment trends index, which seeks to show employment trends more clearly by filtering out the volatility of monthly data, is an aggregate of eight indicators, including jobless claims, job-openings data from the Bureau of Labor Statistics, and industrial production figures from the Federal Reserve.

The report follows the November jobs report released Friday by the U.S. Labor Department, which showed U.S. employers hiring at a steady clip and the jobless rate falling to its lowest level in nine years.

"Moderate employment growth will be enough to make the labor market even tighter, leading to more visible acceleration in wages and inflation," said Gad Levanon, chief economist, North America, at The Conference Board.

In November, six of the basket's gauges rose, driven by the ratio of involuntary part-time workers to part-time workers.

Write to Austen Hufford at austen.hufford@wsj.com

(END) Dow Jones Newswires

December 05, 2016 10:53 ET (15:53 GMT)

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