The Atlanta Fed spider chart shows where each of 15 labor market indicators sits relative to different dates, such as February 2020 and September 2021. The spider chart reveals that 9 of the 15 indicators, including those for wages and job openings, are either better than February 2020 or nearly as good.
Consequently, both broad measures of labor market performance reveal a significant degree of healing in the U.S. labor market. Now let me focus on the Federal Reserve’s goals for monetary policy.