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Economy in Brief

U.S. Labor Market Conditions Index Deteriorates
by Tom Moeller  June 6, 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 May, the index deteriorated at the quickest rate since 2009, pulled down the weakness in payroll employment reported Friday. Other components in the jobs report lessened the index gain including a weaker monthly rise in average hourly earnings and a lower labor force participation rate.

The data are available in Haver's SURVEYS database.

Labor Market Conditions Index (SA) May Apr Mar May'15 2015 2014 2013
Monthly Index Change -4.8 -3.4 -3.0 2.2 1.8 5.0 3.7
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