US Added 372,000 Jobs in June, Topping Estimates

The video discusses the creation of 372,000 jobs in June, with a 74,000 downward revision for the previous two months. Private payrolls increased by 381,000, and manufacturing payrolls rose by 29,000. The employment rate remained steady at 3.6%. Average hourly earnings stayed consistent, providing some comfort to the Fed as the month-over-month rate is not accelerating. The year-over-year earnings rate decreased to 5.1%. Labor force participation dropped slightly to 62.2%, contrary to economists' expectations, indicating fewer people are looking for work, which may explain the unchanged unemployment rate despite high payroll numbers.

How many jobs were created in June according to the transcript?

• 74,000

• 372,000

• 29,000

• 381,000

What was the change in manufacturing payrolls?

• Up by 29,000

• Down by 29,000

• Unchanged

• Up by 74,000

What is the significance of the average hourly earnings remaining the same?

• It reflects a significant economic downturn.

• It suggests an increase in wage growth.

• It shows a decrease in wage growth.

• It indicates stability in wage growth.

What was the revised annualized rate of earnings for the previous month?

• 5.3%

• 3.6%

• 5.2%

• 5.1%

What was the labor force participation rate in the latest report?

• 5.1%

• 3.6%

• 62.3%

• 62.2%