U.S. Adds 155,000 Jobs in November, Jobless Rate Holds Steady at 3.7%

U.S. Adds 155,000 Jobs in November, Jobless Rate Holds Steady at 3.7%

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Business, Social Studies, Life Skills

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The video discusses the economic impact of tariffs and holiday hiring trends. Unemployment remains steady at 3.7%, with average hourly earnings increasing by 3.1%. The labor force participation rate is unchanged. Tariffs have led to job growth in primary metals but losses in metal fabrication and auto manufacturing. Retail hiring is lower than expected, with a shift towards internet shopping. The workweek has decreased slightly, and African American unemployment has reached a record low, while U6 unemployment has risen.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the unemployment rate mentioned in the video?

3.7%

3.5%

4.0%

4.2%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector saw an increase in employment due to tariffs?

Auto parts manufacturing

Primary metals manufacturing

Retail sector

Electronics manufacturing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many jobs were lost in metal fabricating due to tariffs?

800

1000

1500

2800

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the total number of retail jobs added during the holiday season?

5,000

10,000

28,000

18,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the record low unemployment rate for African Americans mentioned?

5.5%

6.1%

5.9%

6.5%