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. source: Federal Reserve

Labor Market Conditions Index in the United States is expected to be 0.05 Index 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 1.80 in 12 months time. In the long-term, the United States Change In Labor Market Conditions Index is projected to trend around 0.50 Index Points in 2020, 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.

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.50 10.80 2.50 percent [+]
Non Farm Payrolls 145.00 256.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 139.00 243.00 1092.00 -1766.00 Thousand [+]
Government Payrolls 6.00 13.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls -12.00 58.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 211.00 205.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1731.00 1768.00 6635.00 988.00 Thousand [+]
ADP Employment Change 202.00 124.00 360.00 -706.00 Thousand [+]
Employed Persons 158803.00 158536.00 158803.00 57172.00 Thousand [+]
Unemployed Persons 5753.00 5811.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.10 0.30 0.60 -0.20 percent [+]
Average Weekly Hours 34.30 34.30 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.20 63.20 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.72 0.74 4.40 0.08 percent [+]
Youth Unemployment Rate 8.10 8.00 19.50 4.80 percent [+]
Productivity 107.53 107.59 107.59 25.99 points [+]
Labour Costs 112.00 111.30 112.00 17.00 points [+]
Job Vacancies 6465.00 7626.00 7884.00 2157.00 Thousand [+]
Job Offers 6800.00 7361.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 32843.00 44569.00 248475.00 15100.00 Persons [+]
Wages 23.79 23.77 23.79 2.50 USD/Hour [+]
Wages in Manufacturing 22.57 22.41 22.57 1.27 USD/Hour [+]
Wage Growth 5.34 5.03 13.78 -5.88 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.60 2.00 0.20 percent [+]
Population 327.17 325.15 327.17 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Employment Rate 61.00 61.00 64.70 54.90 percent [+]
Full Time Employment 131755.00 131562.00 131755.00 64640.00 Thousand [+]
Wages Low Skilled 1960.00 1760.00 2340.00 1760.00 USD/Month [+]
Wages High Skilled 4520.00 4330.00 4950.00 4330.00 USD/Month [+]
Part Time Employment 26992.00 26992.00 28134.00 10086.00 Thousand [+]
Living Wage Family 2380.00 2270.00 2380.00 2160.00 USD/Month [+]
Living Wage Individual 1660.00 1560.00 1660.00 1450.00 USD/Month [+]