Fed Labor Market Conditions Index is calculated monthly using 19 parameters. They include the unemployment rate, wages, number of job cuts, etc.
The Fed applies it to comprehensively assess the labor market status and efficiency of measures taken against unemployment. The indicator has an inverse correlation with the unemployment level. Index growth may be seen as positive for the dollar.
The chart of the entire available history of the "Federal Reserve System (Fed) Labor Market Conditions Index" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.