U.S. Adds 210,000 Jobs, Unemployment Rate Falls to 4.2%

The video discusses unexpected employment figures, with a surprising 210,000 jobs added, causing confusion at the Fed. The unemployment rate dropped significantly to 4.2%, with a rise in the civilian labor force by 594,000. The household survey shows over a million jobs, but this doesn't align with the establishment survey. Average hourly earnings decreased slightly, and the labor force participation rate increased to 61.8%. Payroll revisions for September and October were higher, but not as significant as previous months.

What was the unexpected number of jobs added, and how did it affect the unemployment rate?

• 310,000 jobs added; unemployment rate decreased

• 210,000 jobs added; unemployment rate increased

• 210,000 jobs added; unemployment rate decreased

• 310,000 jobs added; unemployment rate increased

How many jobs did the household survey report, and how did it compare to the establishment survey?

• Over a million jobs; matches establishment survey

• Over a million jobs; does not match establishment survey

• 210,000 jobs; matches establishment survey

• 210,000 jobs; does not match establishment survey

What was the change in average hourly earnings reported?

• Increased by 3/10 of a percent

• Decreased by 3/10 of a percent

• Increased by 4/10 of a percent

• Decreased by 4/10 of a percent

What was the new labor force participation rate, and how did it change?

• 61.8%; significant increase

• 61.7%; slight increase

• 61.9%; significant decrease

• 61.6%; no change

How were the payroll revisions for September and October described?

• Decreases, but not as significant as previous revisions

• Increases, but not as significant as previous revisions

• Minor decreases compared to previous months

• Significant increases compared to previous months