Labor market conditions improved slightly as the Kansas City Fed Labor Market Conditions Indicators (LMCI) narrowed to negative 0.47 in November from negative 0.50 in November, according to the Bank.
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The momentum indicator gained to 1.57, its highest level over the sample, from 1.36 in November.
A zero reading indicates the indicator is at its historical average.
The activity indicator rose 0.12 in the past half year, with the quits rate as the largest contributor. The momentum indicator was 1.57 in December, with expected job availability from the University of Michigan survey the largest contributor.
