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Economy in Brief

U.S. Labor Market Conditions Index Shows Scant Improvement
by Tom Moeller  April 4, 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 March, deterioration in the index continued at nearly the quickest rate since the recession. Last month's weakening runs counter to the improvement in payroll employment and earnings reported Friday. It also reflects other indicators in the report, including the slightly higher unemployment rate, stability in average hours worked, as well as a decline in the National Federation of Independent Business' reading of small businesses planning to increase employment.

The data are available in Haver's SURVEYS database.

Labor Market Conditions Index (SA) Mar Feb Jan Mar'15 2015 2014 2013
Monthly Index Change -2.1 -2.5 -1.9 -0.4 1.8 5.0 3.7
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