The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, rose to positive 1.3 in May from a revised negative 0.5 in April.
The index was first reported as negative 1.8 in April.
The LMCI is a staff research product and not an official statistical release.
Governments once stayed for decades in the state program for distressed municipalites; one official called it a "roach motel." Today, only three towns remain.
A report the by the city administrative officer about the city's looming deficit underscores challenges facing Los Angeles Mayor Karen Bass.
Supply falls ahead of the final Federal Open Market Committee meeting of 2024 and the holidays but issuance still breaks records. The lighter calendar should provide support for the secondary market in the final weeks of the year.
The action was taken ahead of a bond sale for a controversial 15-year expansion program that is currently estimated to cost $8.2 billion up from $5 billion.
The future of key policies and upcoming budget battle tactics are taking shape based on several leadership changes and announcements in recent days.
The face amount of munis outstanding rose to $4.171 trillion, a 0.8% increase from Q2 2024 and 2.9% from Q3 2023, according to the latest Fed data.
