Labor market conditions are deteriorating with the Index falling to plus 0.4 in January vs 2.3 in December. In January 2015 the Index stood at 3.7. Note: Supposedly, values above zero indicate an improving labor market and values below zero indicate a deteriorating labor market.
Please visit this link to read the full report: Federal Reserve Fed: “The LMCI is derived from a dynamic factor model that extracts the primary common variation from 19, seasonally-adjusted, labor market indicators. Users can read about the included indicators at: Federal Reserve Information on the LMCI. Users of the LMCI should take note that the entire history of the LMCI may revise each month….” The Wall Street Journal says, “The labor market conditions index is by definition an index. Higher index numbers are positives and vice versa. The report focuses on the change in the index—how strong a plus change or a negative change. Plus indicates improving labor market conditions. But there is extreme detail with 19 components. Subcomponent detail can be important, depending on how many components are positive versus those that are negative or sluggish. A key feature of this report is that it pulls together many labor market indicators into one place.” NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2016 Connecticut Human Resource Reports, LLC |
09 February 2016
• U.S. Labor Market Conditions Index — January 2016
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