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Monday, April 4, 2016

Labor Market Conditions Index Slips

Employment has been strong, especially the participation rate, but isn't being reflected in the Federal Reserve's labor market conditions index which came in at minus 2.1 in March vs a downwardly revised 2.5 percent decline in February. The index, experimental in nature, is a broad composite of 19 separate indicators and is rarely cited by policy makers.

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