| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
The Labor Market Conditions Index for May Shows Weak Expansion
Monday, June 8, 2015 11:03
% of readers think this story is Fact. Add your two cents.
The Labor Market Conditions Index (LMCI) is a relatively recent indicator developed by Federal Reserve economists to assess changes in the labor market conditions. It is a dynamic factor model of labor market indicators, essentially a diffusion index subject to extensive revisions based on nineteen underlying indicators in nine broad categories (see the table at the bottom for details). Today’s release of the May data indicates weak expansion at 1.3. The April value was revised upward from -1.9 to -0.5.
– Delivered by Feed43 service
Source: http://www.advisorperspectives.com/dshort/updates/Labor-Market-Conditions-Index.php?referrer=feed43.com
