The Federal Reserve Bank of San Francisco has launched a new weekly Labor Market Stress Indicator data page. The tool is designed to track labor market conditions at the state level and provide timely insights into the U.S. economy.

According to an SF Fed Blog post by Òscar Jordà and Sanjay Singh, the indicator aims to help policymakers and market participants better understand real-time developments in labor markets across states. "A timely and accurate assessment of labor market conditions is essential for policymakers and market participants," they wrote.

The Federal Reserve Bank of San Francisco serves the Twelfth Federal Reserve District, which includes nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—as well as American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. The bank focuses on advancing monetary policy and supporting maximum employment and price stability as part of its dual mandate within the U.S. central banking system.