Yellen's Labor Market DashboardFederal Reserve Chair Janet Yellen has used what she called her "dashboard" of jobs data to justify the Fed's easy money policies and to argue that there's still considerable slack in the labor market five years after the recession's end. Only three of the monthly indicators that she flagged are back to where they were in the four years leading up to the last economic downturn, according to calculations by Bloomberg.Sources: Bureau of Labor Statistics, data compiled by BloombergBloombergB_5916df0a-6ecf-11e4-b6cd-69cd2ea89478Federal Reserve BoardBureau of Labor Statistics_5916e0a4-6ecf-11e4-b6cd-69cd2ea89478To measure jobs data in support of monetary policy_5916e158-6ecf-11e4-b6cd-69cd2ea89478Layoffs & DischargesMinimize layoffs and discharges_5916e202-6ecf-11e4-b6cd-69cd2ea894781Layoffs/discharges rate -- Layoffs and discharges as a percentage of paid employees_5916e392-6ecf-11e4-b6cd-69cd2ea89478Job OpeningsIncrease job openings_5916e4be-6ecf-11e4-b6cd-69cd2ea894782Job openings rate -- Job openings as a share of the sum of job openings and paid employment_5916e572-6ecf-11e4-b6cd-69cd2ea89478PayrollsIncrease the number of people on employer payrolls_5916e612-6ecf-11e4-b6cd-69cd2ea894783EmployeesEmployersNonfarm payrolls -- Three-month rolling average of change in payrolls based on a survey of employers._5916e6b2-6ecf-11e4-b6cd-69cd2ea89478Job QuitsEnable workers to quit jobs and find others they prefer_5916e7a2-6ecf-11e4-b6cd-69cd2ea894784WorkersQuits rate -- Workers who quit their job as a percentage of paid employees_5916e89c-6ecf-11e4-b6cd-69cd2ea89478UnemploymentMinimize unemployment_5916e950-6ecf-11e4-b6cd-69cd2ea894785Unemployment rate -- Number of unemployed as a percentage of the labor force_5916e9fa-6ecf-11e4-b6cd-69cd2ea89478HiringMaximize hiring_5916eaa4-6ecf-11e4-b6cd-69cd2ea894786WorkersProspective EmployeesHires rate -- Workers hired as a percentage of paid employees_5916eb8a-6ecf-11e4-b6cd-69cd2ea89478UnderemploymentMinimize underemployment_5916ec2a-6ecf-11e4-b6cd-69cd2ea894787Part-Time WorkersUnemployed PeopleU–6 underemployment rate -- Includes part-time workers who want a full-time job and those not in the labor force who would take a job if one were available_5916ecd4-6ecf-11e4-b6cd-69cd2ea89478Long-Term UnemploymentReduce long-term unemployment_5916ed74-6ecf-11e4-b6cd-69cd2ea894788Long-term unemployed share -- Share of unemployed who have been out of work for 27 weeks or longer_5916ee5a-6ecf-11e4-b6cd-69cd2ea89478Labor Force ParticipationMaximize labor force participation_5916ef04-6ecf-11e4-b6cd-69cd2ea894789Labor force participation rate -- Labor force as a percentage of the working-age civilian, noninstitutional population_5916efe0-6ecf-11e4-b6cd-69cd2ea894782014-11-132014-11-17http://www.bloomberg.com/infographics/2014-04-02/yellens-labor-market-dashboard.htmlOwenAmburOwen.Ambur@verizon.net