U.S. Jobs Report 'Steady as She Goes': Alan Krueger

U.S. Jobs Report 'Steady as She Goes': Alan Krueger

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses the stability of the market, emphasizing a 'no drama' report. It compares the household and payroll surveys, noting that both indicate a steady recovery. The household survey, used to calculate unemployment and labor force participation, shows a potential return to the labor market. However, the report is considered noisy, and the speaker suggests weighing the household survey less than the establishment survey. Overall, the report suggests a consistent pace of recovery similar to the previous month.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by a 'no drama report' in the context of economic stability?

A report that suggests a stable and steady economic environment

A report that shows a rapid economic recovery

A report that indicates significant market fluctuations

A report that predicts a future economic crisis

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the market react to the potential flash crash according to the transcript?

The market remained steady and stable

The market was highly volatile

The market experienced a significant downturn

The market showed signs of rapid recovery

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the household survey indicate about the economic recovery?

It shows a decline in economic recovery

It suggests a steady recovery similar to the previous month

It indicates a rapid economic growth

It points to an economic downturn

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of labor force participation in the household survey?

It indicates the number of new jobs created

It shows the number of people leaving the workforce

It measures the overall economic growth

It reflects the number of people returning to the labor market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much weight does the speaker suggest placing on the household survey compared to the establishment survey?

More on the establishment survey

More on the household survey

Half on each survey

Equal weight on both surveys