Yellen: U.S. Jobs Market Strongest in Nearly a Decade

The video discusses the current job market, highlighting strong job prospects for new graduates due to a low unemployment rate and steady job creation. Despite challenges like slow economic growth and disappointing productivity, wage growth is improving, and living standards are rising. The importance of education in securing economic opportunities is emphasized, with a focus on the advantages of a college degree and the need to extend opportunities to those without higher education.

What is the current unemployment rate mentioned in the video, and how does it compare to pre-recession levels?

• 5.0%, higher than pre-recession levels

• 4.6%, similar to pre-recession levels

• 5.5%, higher than pre-recession levels

• 4.0%, lower than pre-recession levels

What is one reason younger workers feel more optimistic about the job market compared to 2013?

• More job creation

• Lower layoff rates

• Higher weekly earnings

• Increased job openings

What is a major influence on wages that has been disappointing in recent years?

• Job creation

• Productivity growth

• Unemployment rate

• Economic recovery

Why is a college or graduate degree becoming increasingly advantageous economically?

• Decreasing job opportunities for college graduates

• Higher unemployment rates for college graduates

• Slow growth of earnings for those with only a high school education

• Rapid growth of earnings for high school graduates

What is suggested as a way to extend economic opportunity to those who do not attend college?

• Providing more job training programs

• Increasing college enrollment

• Improving elementary and secondary education

• Raising the minimum wage