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Keywords:Labor Market Conditions Indicators (FRB Kansas City LMCI) 

Journal Article
KC Fed LMCI Implies the Labor Market Is Closer to a Full Recovery than the Unemployment Rate Alone Suggests

By consolidating information from a broad range of labor market variables, the Kansas City Fed Labor Market Conditions Indicators (LMCI) provide a consistent gauge of labor market tightness. Adjusting the unemployment rate to incorporate information from the LMCI suggests the labor market is closer to a full recovery than the unemployment rate alone implies.
Economic Bulletin , Issue October 19, 2021 , Pages 3

Journal Article
KC Fed LMCI Suggests Recent Inflation Is Not Due to the Tight Labor Market

A tight labor market tends to raise wages and lower unemployment, but an overly tight labor market can cause inflation. Labor market momentum, as measured by the Kansas City Fed Labor Market Conditions Indicators (LMCI), can signal whether the current level of activity in labor markets is inflationary.
Economic Bulletin , Issue October 20, 2021 , Pages 4

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