📈The US job market is cooling down, as seen in the April jobs report.
📉Unemployment has slightly increased to 3.9%.
💼Job growth is broad-based, with growth in various industries such as transportation, warehousing, retail trade, and healthcare.
💰Average hourly wages have risen more than inflation.
🤔The impact of inflation on consumers is a concern for the Federal Reserve.
What is the current unemployment rate?
—The current unemployment rate is 3.9%.
Which industries are experiencing job growth?
—Industries such as transportation, warehousing, retail trade, and healthcare are experiencing job growth.
Have wages kept up with inflation?
—Yes, average hourly wages have risen more than inflation.
What is the Federal Reserve's concern regarding inflation?
—The Federal Reserve is concerned about the impact of inflation on consumers.
What assurance does the Federal Reserve provide regarding their actions?
—The Federal Reserve assures that the dividends of their actions will be worth the pain caused.
00:01The April jobs report shows a cooling job market and a slight increase in unemployment, indicating a potential goldilocks scenario for the US economy.
00:20Job growth is broad-based, with growth in industries such as transportation, warehousing, retail trade, and healthcare.
00:45Average hourly wages have risen more than inflation.
01:08The impact of inflation on consumers is a concern for the Federal Reserve.
01:36The Federal Reserve recognizes the pain caused by their actions to bring down inflation and assures that the dividends will be worth it.
