Yellen’s Labor Market Dashboard

By Michelle JamriskoMichelle Jamrisko, Chloe WhiteakerChloe Whiteaker and Jeremy Scott DiamondJeremy Scott Diamond
Updated: February 2, 2018

U.S. payrolls and average hourly earnings rose more than expected in January as Janet Yellen's tenure as Fed Chair comes to a close. To help inform her own view during her time as chair, Yellen 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