Fed's Yellen: Carefully Evaluating Labor Market Progress

The transcript discusses the slowdown in job gains, averaging 100,000 on a strike-adjusted basis, and the importance of evaluating ongoing labor market progress. Despite the slowdown, economic growth has picked up from a weak base, and there is hope for stronger job gains in the future. The speaker emphasizes the importance of not overemphasizing the significance of a single report or small data set, noting that other labor market information suggests continued good performance.

What was the average job gain on a strike adjusted basis?

How does the current job gain compare to the first quarter and last year?

What does the speaker hope to see in terms of job gains going forward?

What is emphasized about the significance of a single report?

What does the speaker suggest about the performance of the labor market?