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Yellen Watching Wage Indicators for Signs of Slack

Federal Reserve Chair Janet Yellen told lawmakers July 15 that “significant slack” remains in the labor market and is matched by the “continued slow pace of growth in most measures of hourly compensation.”

Updated July 16, 2014

1 – Index introduced in 2007

Sources: Bureau of Labor Statistics, National Federation of Independent Business, data compiled by Bloomberg

GRAPHIC: CHLOE WHITEAKER / BLOOMBERG VISUAL DATA; RICHARD MILLER / BLOOMBERG NEWS