Fed Sees Labor Market Deteriorating At Fastest Pace In 7 Years
By Tyler Durden
Last month’s major divergence between payrolls and The Fed Labor Market Conditions Index (LMCI) has closed somewhat with the collapse in jobs on Friday. However, as this morning’s LMCI print at -4.8 indicates, labor market conditions in the US are deteriorating at their fastest pace in 7 years.
The 19-factor labor market conditions index developed by The Fed is not
singing from the same Koombaya “everything is awesome” hymn-sheet that
The White House would prefer…
The -4.8 print was considerably worse than the -0.8 expectation.
Is it any wonder the market-implied labor-focused Yellen Fed rate-hike odds are plunging…
Source: Fed Sees Labor Market Deteriorating At Fastest Pace In 7 Years
Posted June 6th, 2016 in Uncategorized.
