Unemployment Rate

Assessing the Change in Labor Market Conditions

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.

Updating the Labor Market Conditions Index

Monthly updates of the LMCI were discontinued on August 3, 2017

Assessing the Change in Labor Market Conditions

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.

Assessing Conditions in the Labor Market

Although the unemployment rate is the arguably the best single summary indicator of the labor market, it is important to consider additional indicators for a comprehensive assessment of current conditions and the future trajectory.