The Kansas City Fed Labor Market Conditions Indicators (LMCI) suggest the level of activity was little changed and momentum accelerated moderately in June. The level of activity was 0.09 in June and remains above its historical average. The momentum indicator increased by 0.12, from 0.00 to 0.12.
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The views expressed are those of the authors and do not necessarily reflect the positions of the Federal Reserve Bank of Kansas City or the Federal Reserve System.