Mixed Signals from Labor Market

We keep getting good news about employment and the labor market. But we rarely see the less optimistic numbers.

THE GOOD

Yellen’s Labor Dashboard is looking strong with all but 3 of the 9 components above pre-recession levels:
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The Employment Trend Index briefly wavered but now seems to be picking up steam again
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Weekly unemployment claims are recovering from a recent near-miss recession call:
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MIXED SIGNALS

The popular unemployment numbers, by many different measures, seem to be bottoming-out but no cause for alarm yet
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The Federal Reserve Board of Governors Labor Market Conditions Index is looking iffy. The broadness of this index makes its current levels worrying

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