Fed’s Labor Market Index Weakens.

Labor Market Conditions Index (April 2015)

 

– Index -1.9.  Previous was down to -1.8.

This is a broad measure of the health of the labor market as measured by the Federal Reserve and it indicates the weakness of the labor market.  This is a much better indicator of the job

market’s health than the Unemployment Rate. The factors accounted for are here: http://www.federalreserve.gov/econresdata/notes/feds-notes/2014/assessing-the-change-in-labor-market-conditions-20140522.html

 

The strongest correlations are with Private Jobs and Help Wanted ads.