Janet Yellen testified before the House Financial Services Committee on Wednesday, yet the Federal Reserve chair was unable to specify the national labor participation rate when asked.
WATCH:
You also talked earlier about the 80,000 jobs per month that this economy is generating,” posed New Hampshire Congressman Frank Guinta. “Can you tell me … what the labor participation rate is right now?”
“Um, no. Let me just,” Yellen stated before rifling through her notes.
Twenty-eight seconds later, she stated, “it’s currently 62.8 percent.”
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