Krueger: Job Market Healing, Not at Full Employment

The transcript discusses the upward revision of job reports for September, highlighting the addition of 191,000 jobs. It emphasizes the ongoing recovery of the job market, with a focus on wage growth and its implications for inflation. The Federal Reserve's perspective on the current economic situation is explored, noting that the market is not overly concerned about inflation. The discussion concludes with an analysis of the inflation target and the potential for continued economic recovery.

What was the revised number of jobs added in September according to the report?

• 156,000

• 191,000

• 200,000

• 175,000

What does a 2.8% wage growth indicate about the job market?

• It indicates nearing full employment.

• It means the job market is stagnant.

• It suggests a decline in employment.

• It shows a decrease in inflation.

At what point might the Federal Reserve become concerned about inflation?

• When unemployment is high.

• When wage growth is stagnant.

• When wage growth is too rapid.

• When job growth is slow.

What is the Federal Reserve's target inflation rate?

• 4%

• 2%

• 3%

• 1%

How does the Federal Reserve view a 2% inflation target?

• As a minimum requirement.

• As an average over time.

• As a strict upper limit.

• As a temporary goal.