Journal Article
Labor Market Cooling Has Been Uneven Across Industries
Abstract: The U.S. labor market has cooled over the last two years but remains healthy overall. However, an industry-specific version of the KC Fed’s Labor Market Conditions Indicators (LMCI) suggests pockets of tightness and weakness have appeared in a few industries. Tightness appears to be limited to less labor-intensive industries, limiting upside risk to inflation. Weakness, on the other hand, has appeared in the interest-rate-sensitive information industry, which may be vulnerable to further labor market cooling.
Keywords: labor markets; Labor Market Conditions Indicators (FRB Kansas City LMCI); information costs;
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https://www.kansascityfed.org/documents/10670/EconomicBulletin25DiltsStedmanPollard0131.pdf
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Provider: Federal Reserve Bank of Kansas City
Part of Series: Economic Bulletin
Publication Date: 2025-01-31
Pages: 4