Janet Yellen: ‘Excellent’ August Jobs Report Shows ‘Strong Job Market’

Treasury Secretary and former Federal Reserve Chair Janet Yellen joins Andrea Mitchell to react to the August jobs report, which showed the economy added 315,000 jobs in August and unemployment rose slightly to 3.7%. “I thought it was an excellent jobs report,” says Secretary Yellen. She says that many of the added jobs “were sourced from people who had been outside the labor market. So the strong job market in containing the pandemic is encouraging people to return to the labor market.” She indicates that will loosen the labor market, and reduce pressure on inflation while allowing job growth to continue a a steady pace. » Subscribe to MSNBC: http://on.msnbc.com/SubscribeTomsnbc Follow the MSNBC Midterms Elections guide to the important races across the United States as Americans prepare to cast their votes. Countdown to the Midterms: https://on.msnbc.com/3KlULq8 Follow MSNBC Show Blogs MaddowBlog: https://www.msnbc.com/maddowblog ReidOut Blog: https://www.msnbc.com/reidoutblog MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, The Beat with Ari Melber, Deadline: White House, The ReidOut, All In, Last Word, 11th Hour, and Alex Wagner who brings her breadth of reporting experience to MSNBC primetime. Watch “Alex Wagner Tonight” Tuesday through Friday at 9pm Eastern. Connect with MSNBC Online Visit msnbc.com: http://on.msnbc.com/Readmsnbc Subscribe to the MSNBC Daily Newsletter: MSNBC.com/NewslettersYouTube Find MSNBC on Facebook: http://on.msnbc.com/Likemsnbc Follow MSNBC on Twitter: http://on.msnbc.com/Followmsnbc Follow MSNBC on Instagram: http://on.msnbc.com/Instamsnbc #JanetYellen #MSNBC #FederalReserve
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