Yellen: Fed Will Be Watching the Job Market Carefully

The video discusses the labor market trends, highlighting job gains early in the year and a slowdown in recent months. Despite a drop in the unemployment rate, fewer people are actively seeking work. Broader unemployment measures show stagnation, but wage growth is a positive sign. The committee remains optimistic about future labor market strengthening, emphasizing the importance of not overreacting to short-term data fluctuations.

What was the average monthly job gain during the first quarter of the year?

• 250,000

• 150,000

• 100,000

• 200,000

What was the unemployment rate in May, and why did it decrease?

• 4.7%, due to more people finding jobs

• 5%, because fewer people were seeking work

• 5%, due to more people finding jobs

• 4.7%, because fewer people were seeking work

What is included in the broader measure of unemployment?

• Only those actively seeking work

• Individuals who want to work but haven't searched recently

• Only full-time workers

• Only part-time workers

How much did average hourly earnings increase over the past 12 months?

• 3%

• 1.5%

• 2.5%

• 2%

What is the committee's expectation for the labor market in the coming years?

• It will fluctuate unpredictably

• It will weaken

• It will remain the same

• It will strengthen further