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Economy in Brief

U.S. Labor Market Conditions Index Remains Weak
by Tom Moeller  August 10, 2015

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 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 July, the change in the index held fairly steady at 1.1. That left growth only slightly above this Winter's lows and nearly the weakest since Q2 2012.

The data are available in Haver's SURVEYS database.

Labor Market Conditions Index Jul Jun May Jul'14 2014 2013 2012
Monthly Index Change 1.1 1.4 1.0 3.3 5.4 4.0 3.7
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