K.C. Fed: Labor Conditions Improved

Labor market conditions "increased and momentum accelerated in November," as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) gained to 0.25 in November from 0.12 in October, according to the Bank.

The momentum indicator grew to 1.10 from an upwardly revised 0.83 in October, first reported as 0.81.

A zero reading indicates the indicator is at its historical average.

The activity indicator rose 0.21 in the past half year, with the largest contributor coming from an increase in job leavers. Positive contributions were made by 15 variables while 6 were negative and three were flat.

The momentum indicator's largest contributor was initial jobless claims. Positive contributions were made by 18 variables, while 6 were negative.

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