Fed Abandons "Yellen's Favorite" Labor Market Conditions Index (Because It Just Won't Fit The Narrative?)

Once Janet Yellen's favorite indicator (until it started to turn down, and became just "experimental"), The Fed's Labor Market Conditions Index (a 19-factor smoothed model that has historically correlated extremely well to recession) has been abandoned because The Fed "believes it no longer provides a good summary of changes in the US labor market."
The Fed writes...
As of August 3, 2017, updates to the labor market conditions index (LMCI) have been discontinued.