Eco­nomic barom­e­ter

Daily Freeman (Kingston, NY) - - BUSINESS -

A new in­dex from the Fed­eral Re­serve should pro­vide in­sight into the state of the la­bor mar­ket.

The la­bor mar­ket con­di­tions in­dex is de­rived from a model based on com­mon vari­a­tions across sev­eral un­em­ploy­ment, hir­ing, lay­offs and other la­bor mar­ket data. The monthly in­dex has been mostly de­clin­ing this year. It fell 0.7 per­cent in Au­gust after climb­ing 1.3 per­cent in July. The Septem­ber read­ing is due out Tues­day.

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