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An Alternative Version of the KC Fed LMCI Suggests Little Change in the Labor Market in September

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Delays in the release of official government data have increased the need for alternative measures of labor market health. We create an alternative version of the Kansas City Fed’s Labor Market Conditions Indicators (LMCI) that excludes delayed government series. The restricted LMCI still provide a timely measure of labor market health that can be used to create real-time forecasts of unemployment and payroll growth. Currently, the restricted LMCI suggest little change in the labor market from August to September.

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  • Jose Mustre-del-Rio & Johnson Oliyide & Emily Pollard, 2025. "An Alternative Version of the KC Fed LMCI Suggests Little Change in the Labor Market in September," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, October.
    • Handle: RePEc:fip:fedkeb:101921
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    File URL: https://www.kansascityfed.org/research/economic-bulletin/an-alternative-version-of-the-kc-fed-lmci-suggests-little-change-in-the-labor-market-in-september/
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