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Jon Hartley: The Fed's Important New Labor Market Conditions Index (LMCI)


Last Friday, the U.S department of labor announced that the U.S. unemployment rate for September was 5.9%, the lowest level since July 2008. While some have rejoiced with the figure falling below 6%, a number of fractures in the economy remain which are not reflected in the unemployment rate. One of these fractures is subdued wage growth that


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Posted: October 5, 2014 Sunday 06:00 PM