Yellen: U.S. Jobs Market Strongest in Nearly a Decade

The video discusses the current job market, highlighting strong job prospects for new graduates due to a low unemployment rate and steady job creation. Despite challenges like slow economic growth and disappointing productivity, wage growth is improving, and living standards are rising. The importance of education in securing economic opportunities is emphasized, with a focus on the advantages of a college degree and the need to extend opportunities to those without higher education.

What measures indicate that living standards are improving for most people?

Why is it important for new graduates to enter the workforce during a strong economy?