Part-time 'slack' may be nearing its end as Fed debates hike

April 22, 2015 5:08 PM

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Part-time 'slack' may be nearing its end as Fed debates hike

WASHINGTON (Reuters) - U.S. part-time employment is fast-approaching levels common since the 1970s in a sign that a key part of labor market slack may be almost gone, giving the Fed one less reason to delay hiking interest rates frozen near zero for more than six years.

Central bankers watch the part-time figures as a measure of labor market health. While current part-time numbers remain high compared to the hot job markets of the 1990s and early 2000s, they are closing in on the longer term average.

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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