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Economy in Brief

U.S. Labor Market Conditions Index Improves
by Tom Moeller  May 9, 2016

The Labor Market Conditions Index from the Federal Reserve Board includes 19 indicators of labor market activity, covering the broad categories of unemployment and underemployment. These include jobs, workweeks, wages, vacancies, hiring, layoffs, quits and other surveys of consumers and businesses. Because the trends in the index are slow-moving, Haver presents only the changes in the index. All are measured monthly and have been seasonally adjusted.

During April, improvement in the index recovered most of its March deterioration, running counter to slower growth in payroll employment reported Friday. Other components in the jobs report bolstered the index including a stronger gain in average hourly earnings, the rise in average hours worked, as well as improvement in the percent of small businesses planning to increase employment reported earlier by the National Federation for Independent Business.

The data are available in Haver's SURVEYS database.

Labor Market Conditions Index (SA) Apr Mar Feb Apr'15 2015 2014 2013
Monthly Index Change -0.9 -2.1 -2.6 0.8 1.8 5.0 3.7
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