THE BASIS POINT

Labor Market Still Soft.

 

Labor Market Conditions Index  (July 2015)

– Level 1.1.  Previous was 1.4.

This is an index calculated by the Federal Reserve which blends together 19 statistics about the labor market- details here to produce an index indicating its health.

This indicates a much softer labor market than one judged only by the Unemployment rate.

 

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