Fed Sees Labor Market Worse Since 2009

Posted: April 5, 2016 in Uncategorized
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Cast your mind back to Friday – when payrolls confirmed everything for everyone and enable more crowing from an establishment clinging to smoke and mirrors. It appears The Fed disagrees with the ‘awesome’ jobs market that BLS proposes as today’s Labor Market Conditions Index continues to push to its weakest since 2009, drastically divergent from the seemingly all-important non-form payrolls data.

the 19-factor labor conditions index developed by The Fed is not singing from the same Koombaya “everything is awesome” hum-sheet that The White House would prefer…

20160404_jobs_0

This kind of divergence has been seen before in the lifetime of this data series…. so what exactly is going on?

It appears the market is starting to agree…

20160404_EOD7_0

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