October Garnered ÷Goldilocks Jobs Report: Krueger

The transcript discusses the ongoing recovery of the economy, highlighting that while there is some wage growth, it is modest and not yet causing inflation. The Federal Reserve is expected to maintain its current course. The lack of significant wage inflation is partly attributed to the stagnant minimum wage, which reduces employers' bargaining power pressure. The Employment Cost Index shows a slight increase, indicating a gradual pickup in wage growth.

What is the current state of the economy according to the video?

• The economy is in recession.

• The economy is continuing to heal.

• The economy is stagnant.

• The economy is overheating.

What is the expected trend for wages as the economy recovers?

• Wages will remain the same.

• Wages will grow more quickly.

• Wages will fluctuate unpredictably.

• Wages will decrease.

How have nonsupervisory workers' wages changed in the last 12 months?

• They have decreased by 2.2%.

• They have increased by 2.2%.

• They have remained unchanged.

• They have increased by 5%.

What is the Federal Reserve's likely response to the current economic conditions?

• Increase interest rates significantly.

• Maintain its current course.

• Change its course drastically.

• Reduce interest rates significantly.

What is one reason for the lack of significant wage inflation?

• High unemployment rates.

• Increased minimum wage.

• Lack of minimum wage increase.

• Excessive bargaining power of employees.