U.S. Economic Trends and Events

The video covers various topics including the U.S. economy's job growth and challenges, the phenomenon of the Great Resignation and boomerang employees, the baby formula shortage exacerbated by a major recall, and the discovery of ancient Native American cave art in Alabama. It highlights the mixed economic signals, the shift in employment dynamics, the impact of supply chain issues on baby formula availability, and the significance of newly found cave drawings.

Why does the U.S. economy receive significant media coverage during even-numbered years?

• Because of the holiday season

• Due to election years

• Due to summer vacations

• Because of tax season

What was the unemployment rate in the U.S. as reported for April?

• 2.8%

• 4.0%

• 5.0%

• 3.6%

What economic challenge did the U.S. face in the first quarter of the year?

• Increase in exports

• GDP shrinkage

• Decrease in imports

• GDP growth

How did the Federal Reserve respond to inflation concerns?

• Lowered interest rates

• Raised interest rates

• Decreased government spending

• Increased taxes

What is a 'boomerang' employee?

• An employee who works multiple jobs

• An employee who returns to a previous employer

• An employee who frequently changes jobs

• An employee who works remotely

What percentage of U.S. job switches were made up by boomerang employees last year?

• 2.3%

• 3.3%

• 4.3%

• 5.3%

What caused the recent baby formula shortages in the U.S.?

• Increased demand

• Supply chain issues and a major recall

• Decrease in production

• New government regulations

Which company was involved in the baby formula recall?

• Abbott Nutrition

• Gerber

• Similac

• Nestle

Where was the ancient Native American cave art discovered?

• Arizona

• New Mexico

• Texas

• Alabama

Why is the location of the cave art being kept secret?

• To prevent theft

• To preserve the environment

• To avoid vandalism

• To protect wildlife