THE BASIS POINT

Labor Market Conditions Index Turns Positive.

 

Labor Market Conditions Index (July 2016)

– LMCI +1.0. Previous was -0.1.

This is a broad measure of the health of the Labor Market and is produced by the Federal Reserve. It is based on 19 labor market indicators. It had been negative since January 2016 making
July the first positive reading this year.

 

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