IDEAS home Printed from https://ideas.repec.org/a/fip/fedkeb/102084.html
   My bibliography  Save this article

An Alternative Version of the KC Fed LMCI Suggests the Level of Activity Was Little Changed but Momentum Decelerated Sharply in October

Author

Abstract

Last month, we published an alternative version of the Kansas City Fed’s Labor Market Conditions Indicators (LMCI) that excludes delayed government series to continue tracking the health of the labor market in a systematic fashion. The October reading of this restricted LMCI suggests little change in the labor market, but a deceleration in labor market momentum caused by a high number of announced job cuts. This has pushed down our model's forecast of payroll employment growth for October.

Suggested Citation

  • Jose Mustre-del-Rio & Johnson Oliyide & Emily Pollard, 2025. "An Alternative Version of the KC Fed LMCI Suggests the Level of Activity Was Little Changed but Momentum Decelerated Sharply in October," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, November.
    • Handle: RePEc:fip:fedkeb:102084
    as

    Download full text from publisher

    File URL: https://www.kansascityfed.org/research/economic-bulletin/an-alternative-version-of-the-kc-fed-lmci-suggests-the-level-of-activity-was-little-changed-but-momentum-decelerated-sharply-in-october/
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedkeb:102084. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kira Lillard (email available below). General contact details of provider: https://edirc.repec.org/data/frbkcus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.