Gary Cohn Says Economy Is Continuously Adding Jobs

The video discusses the continuation of trends in the retail industry, highlighting job losses and gains in various sectors. It also covers the initial corporate reactions to recent tax cuts, including wage increases and bonuses. The discussion extends to state strategies for managing changes in tax deductions, with a focus on the implications for federal revenue.

What trend is highlighted in the retail industry according to the video?

• Continuation of job losses in retail

• Stagnation in the retail sector

• Decrease in transportation jobs

• Increase in traditional in-store jobs

How did some companies respond to the permanent tax cuts?

• By reducing employee wages

• By offering one-time bonuses

• By increasing product prices

• By laying off workers

What change in wages did companies implement following the tax cuts?

• Introduced performance-based pay

• Eliminated bonuses for executives

• Increased minimum wages to $15.50 per hour

• Decreased wages for all employees

What is the unemployment rate mentioned in the video?

• 5.1%

• 6.0%

• 3.5%

• 4.1%

What is the federal government's stance on state actions to shield residents from tax deduction losses?

• Evaluative based on revenue impact

• Opposed

• Indifferent

• Fully supportive