The Federal Reserve Bank of San Francisco has launched a new weekly Labor Market Stress Indicator data page. This tool is designed to track labor market developments at the state level, providing real-time insights into the U.S. economy.
According to a blog post by Òscar Jordà and Sanjay Singh, the indicator aims to offer timely and accurate assessments of labor market conditions for policymakers and market participants. The SF Fed believes that monitoring these developments can help inform decisions related to employment and economic stability.
“The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone,” according to an official statement from the organization.
The new indicator is expected to help both policymakers and market participants better understand current labor market trends across different regions in real time.
