Yellen: Fed Will Be Watching the Job Market Carefully

The video discusses the labor market trends, highlighting job gains early in the year and a slowdown in recent months. Despite a drop in the unemployment rate, fewer people are actively seeking work. Broader unemployment measures show stagnation, but wage growth is a positive sign. The committee remains optimistic about future labor market strengthening, emphasizing the importance of not overreacting to short-term data fluctuations.

What was the percentage increase in average hourly earnings over the past 12 months?

What is the committee's expectation for the labor market in the coming years?