Bill.Medley@kc.frb.org - The KC Fed LMCI suggests the level of activity continued to edge up in May while momentum was little changed.

These readings likely do not fully describe the state of the labor market at the end of May, as many of the input data series reflect conditions early in the month. [...] Medley@kc.frb.org The table to the right shows the five labor Largest Contributions to the LMCI market variables that made the largest contributions to the increase in the activity Contributions to the increase in Positive contributions to indicator over the last six months. [...] percent in May 2021, the highest reading in the history of the series. [...] The table also shows the five variables that made the largest positive contributions to the momentum indicator in May 2021. [...] The index came in at 37 in May, the highest reading in the history of the series.