Labor market conditions "declined modestly and momentum remained high in December," as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) fell to 0.23 in December from a revised 0.28 in November, first reported as 0.25, according to the Bank.

The momentum indicator grew to 1.19 from an upwardly revised 1.17 in November, first reported as 1.10.

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