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Powell’s Dashboard Shows How Far U.S. Economy Has to Go on Jobs

  • Focus shifts from aggregate measures to most vulnerable groups
  • Fed chair cites Black unemployment, low-wage earnings growth
Last California Steel Mill Perseveres

Photographer: David McNew/Getty Images

Federal Reserve Chair Jerome Powell says he and his colleagues have learned a lot over the last decade about the meaning of full employment. Now, they’re looking at a new set of labor-market indicators as they chart a recovery from the steepest economic downturn on record.

Call it the Powell dashboard.