the slack in the labor market seems to indicateu kateicate we have a ways to go. discuss the concern for the number of workers working part time but would like to be in the workforce. we have a larnl share of the workforce, believing it is around four and half percent working less hours than they would like to work. the broader measure is the measure of the unemployment rate we normally look at is 5.3%. broader measures that capture that part time for economic reasons a measure like you six. we have a picture in the monetary policy report and we show how high that is and of course it is always higher than the narrowing concept of unemployment it is very much higher than you would expect historically given the narrower measure of unemployment. to my mind this suggests that our standard unemployment rate doesn't state the degree of slack we have in the labor department. >> senator corker. >> thank you, chairman and ranking member, i appreciate it. thank you for being here. i spent time with you when you were getting affirmed and enjoyed that and talking about views

the slack in the labor market seems to indicateu kateicate we have a ways to go. discuss the concern for the number of workers working part time but would like to be in the workforce. we have a larnl share of the workforce, believing it is around four and half percent working less hours than they would like to work. the broader measure is the measure of the unemployment rate we normally look at is 5.3%. broader measures that capture that part time for economic reasons a measure like you six. we have a picture in the monetary policy report and we show how high that is and of course it is always higher than the narrowing concept of unemployment it is very much higher than you would expect historically given the narrower measure of unemployment. to my mind this suggests that our standard unemployment rate doesn't state the degree of slack we have in the labor department. >> senator corker. >> thank you, chairman and ranking member, i appreciate it. thank you for being here. i spent time with you when you were getting affirmed and enjoyed that and talking about views