THE BASIS POINT

Fed’s Labor Market Indicator Negative again.

 

Labor Market Conditions Index (April 2016)

– Level -0.9.  Previous was -2.1.

This is an index generated by the Fed which takes into account 19 labor market indicators.  The jobs market was never as healthy as the media was pretending.  This datum and last Friday’s BLS report indicate this.  We had decent jobs gains but they were concentrated in low-wage jobs and those jobs do not create much economic benefit.

 

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