Signs of U.S. Slowdown in Jobs Report, Economist Swonk Says

The video discusses signs of economic slowdown, with employment gains slowing but still strong. Wage growth hasn't led to expected inflation, partly due to reduced worker bargaining power and major retailers like Amazon keeping prices low. The retail sector is shifting from physical stores to online, affecting employment. The Federal Reserve is cautious about changing interest rates, despite political pressures for quantitative easing, to maintain credibility.

What dynamics have changed in the labor market that affect inflation?

How has the retail sector been affected by the shift from bricks to clicks?

What concerns are raised about the credibility of the Fed in the context of political interference?