Labor market conditions "declined modestly while momentum remained high" as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) widened to negative 0.252 in March from negative 0.215 in March, according to the Bank.
The momentum indicator climbed to 0.92 from 0.88 in March.
A zero reading indicates the indicator is at its historical average.
The activity indicator rose 0.17 in the past half year, with the largest contributor the increase in job leavers. Positive contributions were made by 15 variables, while 8 were negative and one was neutral.
The momentum indicator's largest contributor was expected job availability from the University of Michigan survey. Positive contributions were made by 18 variables, while 6 were negative.
