Positive trend likely for US labor market

US labor market continues to be strong. The US Fed recently released the labor market conditions index that indicates a positive trend for the labor market. Moreover, according to the NFIB survey, there is an increase in the small businesses intentions to hire and raise compensation. Therefore the labor data has not been the main reason for depressed expectations of the hiking cycle. In fact, the tightening policy has raised worries of a recession in the coming future.