The Kansas City Fed Labor Market Conditions Indicators (LMCI) suggest the level of activity declined modestly and momentum was little changed in September. The level of activity indicator decreased by 0.09, from 0.31 to 0.22, but remains above its historical average. The momentum indicator was little changed at 0.19.
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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.