U.S. Adds 161,000 Jobs in Oct., Jobless Rate at 4.9%

The video discusses the October jobs report, highlighting a drop in the unemployment rate to 4.9% and a significant wage growth of 2.8% over the past year, the fastest since 2009. The report suggests incremental improvements in the labor market, with the underemployment rate at its lowest since 2008. However, challenges remain, such as a slight decrease in the labor participation rate and a drop in manufacturing jobs. Overall, the report aligns with economists' forecasts and is unlikely to affect the upcoming election or the Federal Reserve's plans.

What was the unemployment rate in October according to the report?

• 5.0%

• 5.1%

• 4.8%

• 4.9%

How much did average hourly earnings increase over the past 12 months?

• 2.0%

• 2.8%

• 3.0%

• 2.5%

What was the EU 6 underemployment rate in October?

• 10.0%

• 9.5%

• 9.0%

• 8.5%

How many additional jobs were added due to revisions in August and September?

• 60,000

• 44,000

• 50,000

• 30,000

What was the change in the labor participation rate from September to October?

• Increased to 63.0%

• Remained at 62.9%

• Decreased to 62.7%

• Decreased to 62.8%