Yellen: The Pace of Job Growth Is Strong Recently

The video discusses recent trends in employment, highlighting strong job growth with an average of 280,000 jobs added per month over the last three months and 230,000 over the past year. The unemployment rate has decreased to 5.8%, showing improvement since the last FOMC meeting. Broader labor market measures also indicate progress, though challenges remain, such as underemployment and individuals who have stopped job searching but might re-enter the market if conditions improve.

What is mentioned about the labor force participation rate?

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What challenges do people face in the current labor market according to the text?

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