Reluctant Part-Timers Point to Ongoing Slack

        9:48 EDT - Good thing the Fed backed away from its data-linked policy guidance. At 6.3%, the unemployment rate in April's report falls below the Fed's previous 6.5% threshold for when it would start considering raising rates. If that threshold were still around, the damage being seen in short- and middle-dated Treasurys likely would've been a lot greater. Under the current broad-based guidance, Fed chief Yellen can point to ongoing slack requiring supportive policy. Part-time workers, for instance, who would rather have full-time work keep trending higher. The group stands at 7.465M in April, from 7.411M in March and 7.186 in February. (cynthia.lin@wsj.com; @cynthialin_dj)
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        May 02, 2014 09:48 ET (13:48 GMT)