Conduct some of your own research on the state of the U.S. labor market and answer the following questions:

(a)What is the current unemployment rate and labor force participation rate in the U.S.? Please be specific of the date that your numbers refer to and cite your source.

(b)What is the current trend in household wealth? What are the driving factors behind this trend? Please cite any relevant source.

(c)Based on your answers to parts (a) and (b), do you think the current labor market is strong? If there are opposing views within your group, try to reconclie how both of these views may be accurate.