Labor market conditions index

From the Fed’s research:



The economy may be at full employment but it’s not helping the labor market conditions index which remains flat. For the first negative score since May, December’s index comes in at minus 0.3. Based on this report, there may be more slack than suspected and less risk perhaps of wage inflation. Considered experimental, the labor market conditions index, published by the Federal Reserve, is a composite of 19 separate indicators.