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(AP Photo/J Pat Carter)

(Bloomberg Business) — If you’re working multiple jobs just to make ends meet, Federal Reserve officials are looking for you.

Central bankers considering when to execute the first interest-rate increase in almost a decade are weighing the extent of hidden slack in the labor market—the kind of underutilization of labor resources that isn’t captured by indicators like unemployment and labor-force participation rates. One possible source: the million-plus Americans cobbling together two or three jobs for hours that add up to a normal workweek. 

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