June Fed labor market conditions index 1.5 vs 2.5 expected

Labor market conditions index

• Prior 2.3

This is a composite index that includes things like non-farm payrolls, JOLTS and NFIB data.

The 'consensus' isn't a good indicator because it's really just a matter of doing the math after non-farm payrolls. The formulas are all laid out, it's just a matter of plugging in the data.

Here's the sequence over the past several months.