Fed’s Labor Market Conditions Index Tumbles For 6th Straight Month
by Tyler Durden
ZeroHedge.com
Jul 11, 2016
Despite Friday’s ‘magnificent’ goldilocks jobs print, The Fed’s Labor Market Conditions Index (once Janet Yellen’s favorite indicator… until it started to turn down… and now just “experimental”) tumbled 1.9% in June, dramatically worse than expected and down for the 6th straight month.
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