Wednesday, September 7, 2016

Labor Market Conditions Index for July 2016

Vice Chair Fischer said the economy has almost met the Fed’s full employment goal.

This is the Fed’s favorite indicator.  It is sucking right now.  But I guess that is ok.

This is the Fed’s LMCI “activity” index.  It shows the rotten labor market we have in the U.S.  We have a structurally rotten labor market.  But I guess that is ok.

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