Yellen’s Labor Market Dashboard

By Michelle JamriskoMichelle Jamrisko, Chloe WhiteakerChloe Whiteaker and Jeremy Scott DiamondJeremy Scott Diamond
Updated: October 6, 2017

Payrolls declined in September for the first time since 2010, reflecting major disruptions from hurricanes Harvey and Irma. Meanwhile unemployment fell to a new 16-year low and wage gains accelerated. To help inform her own view, Fed Chair Janet Yellen has consulted what she called a "dashboard" of jobs data to gauge remaining slack in the labor market since the recession ended in mid-2009. Of the nine monthly employment-related indicators Yellen's flagged, in addition to three gauges of wage growth, six are back to where they were in the four years leading up to the last economic downturn, according to calculations by Bloomberg.

Back to normal
More than halfway
Less than halfway