2017 Economic Calendar
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Labor Market Conditions Index  
Released On 8/7/2017 10:00:00 AM For Jul, 2017
PriorConsensusConsensus RangeActual
Level1.5 2.0 1.0  to 2.0 Discontinued 

Highlights
As of August, the Federal Reserve's Labor Market Conditions Index has been discontinued. The report released in July for June is the last of the series. The Fed's explanation is posted below:

"We decided to stop updating the LMCI because we believe it no longer provides a good summary of changes in U.S. labor market conditions. Specifically, model estimates turned out to be more sensitive to the detrending procedure than we had expected, the measurement of some indicators in recent years has changed in ways that significantly degraded their signal content, and including average hourly earnings as an indicator did not provide a meaningful link between labor market conditions and wage growth."

Recent History Of This Indicator
Forecasters see the labor market conditions index rising in July to a solid 2.0 vs 1.5 in June. This report tracks 19 separate components including payroll growth and also wage data.

Definition
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
 

2017 Release Schedule
Released On: 1/92/63/134/105/86/57/108/7
Release For: DecJanFebMarAprMayJunJul
 


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