The Federal Reserve’s Labor Market Conditions Index, a compilation of 19 labor market measures, dropped 1.8 points in June to 1.5, following a 0.5-point decline in May.
The LMCI is a staff research product and not an official statistical release.

The Municipal Forum of New York recognized three muni veterans for their service.
Actions this legislative session include a ballot measure to tighten caps on property assessment growth and allowing bond issuance for charter schools.
The market has seen a trend of "happy endings to each week, disappointing Mondays," according to James Pruskowski, managing director at Hennion & Walsh.
"We're going to have some weak days, we're going to have some stronger days, maybe they wash out against each other," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
They are seeking legislation on transportation, water and other topics.
A major multiple-amended housing bill that is expected to expand the use of private activity bonds passes the House and bounces back to the Senate, but obstacles remain over provisions regulating institutional investors.