Uncertainty Is Still Impacting U.S. Labor Market, Economist Slok Says

The transcript discusses the slowing economy, focusing on manufacturing jobs and the labor market. It highlights the impact on wages and market reactions, noting a significant drop in the underemployment rate. Despite limited job growth, the unemployment rate has decreased, with private payrolls being a key figure.

What is the main reason for the slower growth in wages according to the first section?

• Higher interest rates

• Economic slowdown

• Decreased inflation pressures

• Increased manufacturing jobs

How did the bond market react to the recent economic reports?

• It showed increased gains

• It remained stable

• It gave back some gains

• It crashed significantly

What significant change in the labor market is highlighted in the final section?

• Increase in manufacturing jobs

• Rise in inflation pressures

• Drop in the underemployment rate

• Decrease in private payrolls

What is the surprising trend in the unemployment rate discussed in the final section?

• It has remained stable

• It has fluctuated unpredictably

• It has increased significantly

• It has decreased significantly

What does the private payroll number include according to the final section?

• Only manufacturing jobs

• Only service sector jobs

• Census workers

• Government jobs