U.S. Jobs Data Not a Bust: CIBC's Mendes

The video discusses the US job market, highlighting that while job growth is strong, it fell short of market expectations. The Federal Reserve is nearing its unemployment target but still struggles with inflation. Wage growth is steady, and despite some negative headlines, there are positive aspects in the economic report. The market's initial disappointment was followed by a calmer reaction as it digested the data.

What is the current state of job growth in the US according to the video?

• It is well ahead of the pace needed to sustain the unemployment rate.

• It is declining rapidly.

• It is below the pace needed to sustain the unemployment rate.

• It matches the market consensus.

What is the Federal Reserve's current status regarding its unemployment target?

• It has abandoned its unemployment target.

• It is far from its unemployment target.

• It is close to achieving its unemployment target.

• It has surpassed its unemployment target.

Why is inflation still a concern for the Federal Reserve?

• Because it is not close to the target level.

• Because it is decreasing too quickly.

• Because it is irrelevant to their mandate.

• Because it is already at the target level.

What was the reported wage growth in the economic report?

• 0.4%

• 0.3%

• 0.2%

• 0.1%

How did the market react after digesting the economic report?

• The market calmed down.

• The market remained unchanged.

• The market became more volatile.

• The market crashed.