This page has been archived and commenting is disabled.

Job Market Growth Hovers Near 2-Year Lows, Fed's Labor Market Index Shows

Tyler Durden's picture




 

Despite the utter exuberance at Friday's payrolls data -which 'everyone' saw as nothing but indicative of escape velocity and utopia in America's near future - the Fed's new multifactor model of the US jobs market shows growth sliding to just 2.9% MoM. This is the almost the slowest growth since Aug 2012.

 

 

 

As a reminder,

The Federal Reserve Labor Market Conditions Index is calculated as a weighted average based on 19 monthly labor market indicators togauge improvements in the labor market.

 

The 19 labor market variables used are:

 

the unemployment rate, the labor participation rate, part-time for economic reasons, private payroll employment, government payroll employment, temporary help employment, average weekly hours, average weekly hours of persons at work, the average hourly earnings, the composite help-wanted index, the hiring rate, the transition rate from unemployment to employment, the insured unemployment rate, job losers unemployed less than 5 weeks, the quit rate, job leavers unemployed less than 5 weeks, the Conference Board Survey on job availability, The NFIB Survey on hiring plans and difficulty to fill a job.

 

The Federal Reserve does not report the actual index but the seasonally adjusted average monthly change.

*  *  *

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 12/08/2014 - 11:25 | 5528597 NoDebt
NoDebt's picture

"Dammit, Jim, I'm a doctor, not a miracle worker.  He's dead and there's nothing I can do to change that."

To the good, however, dead is very stable.  And we all know how much bankers love stability.

Mon, 12/08/2014 - 11:26 | 5528603 q99x2
q99x2's picture

Mexicans are working. The whites make as much as the blacks.

Mon, 12/08/2014 - 11:40 | 5528674 Stoploss
Stoploss's picture

Too bad they're not paying taxes..

Mon, 12/08/2014 - 11:45 | 5528696 FreeShitter
FreeShitter's picture

All done by design.....

Mon, 12/08/2014 - 11:31 | 5528619 ukspreads
ukspreads's picture

Yeah, same old, but Dow will still be above 18k by the close.....

 

And CNBC are likely to say it would be 18200 if not for Mac D's

 

Zzzz

Mon, 12/08/2014 - 15:10 | 5529534 BeerMe
BeerMe's picture

What's 18000 in terms of inflation?  Minimal to no gain?

Mon, 12/08/2014 - 11:34 | 5528637 orangegeek
orangegeek's picture

the issue isn't the numbers

 

the issue is how much are these numbers from the truth?

 

fuck you barry you lying piece of shit communist

Mon, 12/08/2014 - 11:37 | 5528660 alexmark2013
Mon, 12/08/2014 - 11:42 | 5528682 PrecipiceWatching
PrecipiceWatching's picture

Shadow Stats, if I recall correctly, has REAL unemployment numbers at over 20%.

 

Mon, 12/08/2014 - 12:05 | 5528776 foodstampbarry
foodstampbarry's picture

American Lottery Winner: Finding a mate with gainful employment

Do NOT follow this link or you will be banned from the site!