Fed's Labor Market Conditions Index Tumbles For 6th Straight Month

Tyler Durden's picture

Despite Friday's 'magnificent' goldilocks jobs print, The Fed's Labor Market Conditions Index (once Janet Yellen's favorite indicator... until it started to turn down... and now just "experimental") tumbled 1.9% in June, dramatically worse than expected and down for the 6th straight month.



Of course it's probably nothing... better to focus on one extremely noisy data item than a 19-factor smoothed model that has historically correlated extremely well to recession...

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TradingIsLifeBrah's picture
TradingIsLifeBrah (not verified) Jul 11, 2016 9:11 AM

Your move, Yellen...

NEOSERF's picture

Yes but not the worst of the 6th readings and looking like it will pop into the green soon so enough for a record open today...

Consuelo's picture



 $100B/mo. or $150B...?


To be, or not to be...



TradingIsLifeBrah's picture
TradingIsLifeBrah (not verified) StackShinyStuff Jul 11, 2016 9:20 AM

Needs more adjustment seasoning...

Calculus99's picture

If you don't like the answers we'll just change the questions...

FreeShitter's picture

Who needs a labor market when you have CTRL-P to infinity.

spanish inquisition's picture

Less people spending money or not going on vacations, means less college educated bartenders and waitresses needed?

Dg4884's picture

unemplyment rate is now 4.1% - Your dear leader

snakehead's picture


innertrader's picture

ALL I can say is that ALL the comments have been great.... at least so far!

heisenberg991's picture

We have a hiring freeze but still have unlimited overtime. Gotta hand it to the state budget people to do their jobs right.

e_goldstein's picture

Better M3 that index asap.

tarsubil's picture

Nonfarm payrolls clearly show this economy isn't dead.


Iconoclast421's picture

1.9% is chump change. They can easily paper over anything greater than -20.

ajkreider's picture

The forcast at Tradingeconomics was for a -5.  That makes this number significant beat (if negative).