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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File(s): File format is application/pdf https://www.kansascityfed.org/documents/10670/EconomicBulletin25DiltsStedmanPollard0131.pdf
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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Bulletin

Publication Date: 2025-01-31

Pages: 4