Labor market “activity increased and momentum remained high in April,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) climbed to 0.40 in April from 0.28 in March, according to the Bank.

The momentum indicator fell to 1.34 from 1.48 in March.

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 the percent of firms planning to increase employment (NFIB). Positive contributions were made by 16 variables while 8 were negative.

The momentum indicator’s largest contributor was expected job availability (University of Michigan). Positive contributions were made by 16 variables, while 8 were negative.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.