Yellen: The Pace of Job Growth Is Strong Recently

The video discusses recent trends in employment, highlighting strong job growth with an average of 280,000 jobs added per month over the last three months and 230,000 over the past year. The unemployment rate has decreased to 5.8%, showing improvement since the last FOMC meeting. Broader labor market measures also indicate progress, though challenges remain, such as underemployment and individuals who have stopped job searching but might re-enter the market if conditions improve.

What has been the average monthly job gain over the past three months?

• 230,000

• 320,000

• 180,000

• 280,000

How did the unemployment rate change from the September FOMC meeting to November?

• It increased by 0.5%

• It remained the same

• It decreased by 0.3%

• It increased by 0.3%

What does the labor force participation rate indicate in the recent data?

• It has increased significantly

• It has decreased significantly

• It has leveled out

• It has fluctuated widely

What is one of the ongoing challenges in the labor market?

• Too many full-time jobs available

• Lack of part-time job opportunities

• Underemployment and discouraged workers

• Overemployment in certain sectors

What is a potential solution for those who have given up searching for jobs?

• Encouraging early retirement

• Increasing part-time job opportunities

• Strengthening the labor market

• Reducing the number of full-time jobs