AFL-CIO Economist Sees No Room for Fed to Hike Rates

The video discusses the current state of the labor market, highlighting modest wage growth and economic recovery challenges. It emphasizes the impact of a strong dollar on manufacturing and the need for infrastructure investment. The Fed is advised against raising rates until real wage growth is evident. Political responses to the jobs report are explored, with a focus on unionization and minimum wage as key factors for economic growth.

What does the labor report indicate about wage growth?

How does the strong dollar affect manufacturing according to the report?

What are the implications of Congress not resolving infrastructure spending?

What is the significance of union density in relation to wage growth?

How has Donald Trump's approach affected labor unions according to the text?