2016 Economic Calendar
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Labor Market Conditions Index  
Released On 11/7/2016 10:00:00 AM For Oct, 2016
PriorPrior RevisedActual
Level-2.2 -0.1 0.7 

Average hourly earnings are one of 19 indicators tracked in the labor market conditions index but the component no doubt made an outsized contribution to the October composite which rose to plus 0.7 for only the third positive readings this year. The unemployment rate is another of the many components and its 1 tenth decline to 4.9 percent is also a positive for the composite. Another positive in the data is a sharp upward revision to the September headline from an initial minus 2.2 to a marginally negative minus 0.1, again in part reflecting average hourly earnings which were revised higher in September. Elements of last week's employment report, especially wages, are consistent with a pivot higher for the labor market and today's gain in this index could be offering its own signpost.

The Labor Market Conditions Index is an experimental indicator compiled by the Federal Reserve to track labor market activity. It is a broad composite with 19 components.  Why Investors Care

2016 Release Schedule
Released On: 1/112/83/74/45/96/67/118/89/610/1111/712/5
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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