2014 on Track to Be Strongest for Jobs Since 1999

The video discusses the current state of job growth and wage trends, highlighting sustained job growth but stagnant wage increases. It explores the employment cost index as a broader measure of compensation and considers the potential lag in wage data. The video also addresses the decline in long-term unemployment, indicating a shrinking labor market slack. Despite job creation, the lack of significant wage growth remains a concern.

Why does the Federal Reserve care about wage growth?

• To lower inflation

• To decrease job opportunities

• To boost consumer spending

• To increase unemployment

What is the current year-over-year wage growth rate mentioned in the video?

• 1%

• 2%

• 3%

• 4%

What is one reason suggested for the stagnation in wage growth?

• Increase in part-time jobs

• Decrease in job creation

• Lag in wage data

• High inflation rates

What positive trend is observed in the long-term unemployment figures?

• Increase in part-time jobs

• Decrease in long-term joblessness

• Stagnation in job creation

• Increase in wage growth

What is the 'third missing puzzle' in the labor market according to the video?

• Consumer spending

• Part-time employment

• Wage growth

• Job creation