What to Expect From the July Jobs Report

What to Expect From the July Jobs Report

Assessment

Interactive Video

Business, Life Skills

University

Hard

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FREE Resource

The transcript discusses the upcoming US payrolls report, expecting a slight job increase and stable unemployment. It highlights a tight labor market with minimal jobless claims rise and significant productivity gains, reducing unit labor costs. The Federal Reserve's next meeting is in September, with progress seen in economic indicators. The pandemic's effects linger, but companies are prepared for a potential recession. Inflation has decreased without rising unemployment, challenging historical models.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected change in the number of jobs according to the upcoming payrolls report?

Decrease by 200,000 jobs

Increase by 200,000 jobs

Decrease by 2000 jobs

Increase by 2000 jobs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does an increase in nonfarm productivity affect unit labor costs?

Increases unit labor costs

Decreases unit labor costs

Has no effect on unit labor costs

Doubles unit labor costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Federal Reserve's next scheduled meeting date?

September 20th

October 15th

November 10th

December 5th

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unusual economic trend is observed in the current recovery?

Unemployment rising with stable inflation

Inflation rising with unemployment

Both inflation and unemployment rising

Inflation decreasing without rising unemployment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How have companies adapted to the predicted recession?

By reducing productivity

By hiring more workers

By increasing expenses

By holding on to workers and cutting expenses