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Economy in Brief

U.S. Labor Market Conditions Index Improves Modestly
by Tom Moeller  January 11, 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 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 December, the change in the index held fairly steady at 2.9. For Q4, the index was at its highest level of the year, and was above the full-year figure of 1.7. The index hit its recovery peak at 6.0 in 2010.

The data are available in Haver's SURVEYS database.

Labor Market Conditions Index Dec Oct Sep Dec'14 2015 2014 2013
Monthly Index Change 2.9 2.7 2.9 7.0 1.7 5.3 4.0
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