THE BASIS POINT

Fed’s Labor Market Index Shows Weak Growth.

 

PMI Services Index  (June 2015)

– Level 54.8. Previous was 56.8

 

Labor Market Conditions Index (June 2015)

– Level   0.8. Previous was 1.3.

This index comes from the Federal Reserve and 19 different pieces of data including the unemployment rate, labor force participation rate, and wage growth.   This may be a better indication of the health of the labor market than the BLS Employment Situation Report.

 

ISM Non-Manufacturing Index

– Composite Index  56.0. Previous was 55.7.

 

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