Krueger: Fed Hit Reset Button Last Month

The video discusses the current state of the job market, highlighting the volatility in job numbers and the need for a stronger job market to meet inflation targets. It explores the concept of full employment, noting that wage acceleration and job growth slowing are indicators. The discussion also covers labor mismatch and skills gaps, emphasizing the role of education. Finally, it examines the rise of non-traditional employment, such as freelancing and gig economy jobs, and how these complicate official employment data.

What is one of the key indicators of a healthy job market mentioned in the video?

• Decreasing job openings

• Stable unemployment insurance claims

• Volatility in job numbers

• Increasing unemployment rates

What is a sign that the economy is approaching full employment?

• Increasing job growth

• Rising unemployment rates

• Decreasing wages

• Accelerating wages

What issue is highlighted by the increasing job openings but falling hiring rates?

• Economic recession

• Labor mismatch

• High inflation

• Decreasing population

What type of employment has seen significant growth over the past decade?

• Government jobs

• Non-traditional employment

• Part-time retail jobs

• Traditional full-time jobs

Why is it challenging to measure full employment with the rise of non-traditional jobs?

• They are not included in payroll statistics

• They are mostly low-paying jobs

• They are temporary positions

• They are not captured in official data