Labor Market Conditions Index in the United States decreased to 1.50 Index Points in June from 3.30 Index Points in May of 2017.

Labor Market Conditions Index in the United States averaged 0.42 Index Points from 1976 until 2017, reaching an all time high of 32 Index Points in September of 1983 and a record low of -48.40 Index Points in April of 1980. This page provides the latest reported value for - United States Labor Market Conditions Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Change In Labor Market Conditions Index - values, historical data and charts - was last updated on May of 2020. source: Federal Reserve

Labor Market Conditions Index in the United States is expected to be 1.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Market Conditions Index in the United States to stand at 0.50 in 12 months time. In the long-term, the United States Change In Labor Market Conditions Index is projected to trend around 0.50 points in 2021, according to our econometric models.

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United States Change In Labor Market Conditions Index

Actual Previous Highest Lowest Dates Unit Frequency
1.50 3.30 32.00 -48.40 1976 - 2017 points Monthly
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United States Change In Labor Market Conditions Index
The Federal Reserve Labor Market Conditions Index measures the strength of US job market. The index is derived from 19 labor market indicators, with unemployment rate and private payrolls being the most important. It also includes: the labor-force participation rate, data on wages, hiring and dismissals. A reading above 0.0 indicates improving labor market activity, below indicates deteriorating activity. As of August 3, 2017, updates of the labor market conditions index have been discontinued as the Fed considers it no longer provides a good summary of changes in US labor market conditions. Specifically, model estimates turned out to be more sensitive to the detrending procedure than 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.