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A New Survey From the Fed Shows Exactly Why Yellen Is in No Rush to Raise Rates

There's still more room for the job market to improve
Job seekers fill out applications at the Choice Career Fair in San Antonio, Texas.
Photographer: Matthew Busch/Bloomberg
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The Federal Reserve's report on the economic well-being of U.S. households is out, and it contains one very interesting finding: A decent share of Americans want to work longer hours even without a raise. 

The Fed asked non-self-employed workers whether they'd prefer to work more, less, or the same amount that they now work if their hourly wage was unchanged. The goal of the question was to help gauge the amount of underemployment in the economy, according to the report.