We Have a Long Way to Go in the Economic Recovery: Elise Gould

The video discusses the economic recovery post-crisis, highlighting job creation, labor market challenges, and the need for equitable recovery. It emphasizes the importance of policy measures to address unemployment disparities and wage growth, focusing on marginalized groups and the role of the Federal Reserve in achieving full employment.

What is the current state of job creation according to the transcript?

• Job creation is as expected.

• Job creation is above expectations.

• Job creation is below expectations.

• Job creation is not mentioned.

What is the Federal Reserve's focus regarding the labor market?

• Reducing inflation

• Achieving full employment

• Decreasing government spending

• Increasing interest rates

What is the purpose of the $1.9 trillion relief package?

• To increase exports

• To decrease imports

• To reduce taxes

• To provide essential relief for a speedy recovery

What disparities are highlighted in the discussion on equitable recovery?

• Disparities in education levels

• Disparities in healthcare access

• Disparities in housing availability

• Disparities in unemployment rates among racial groups

What was the black unemployment rate compared to the white unemployment rate before the pandemic?

• Half as high

• Three times as high

• Twice as high

• About the same

What is misleading about the recent wage growth figures?

• They indicate a strong economy

• They reflect increased productivity

• They are driven by high-wage job growth

• They are skewed by the loss of low-wage jobs

What should be the focus when analyzing wage growth?

• Interest rates

• Inflation rates

• Composition effects

• Aggregate wage growth figures