Monthly updates of the LMCI were discontinued on August 3, 2017
The labor market conditions index (LMCI), a dynamic factor model of 19 monthly indicators, appears to be a useful tool for assessing the change in labor market conditions based on a broad array of information.
Continued cyclical improvement in the labor market will put downward pressure on involuntary part-time work, but secular trends may augur structurally higher part-time employment.