U.S. Adds 199,000 Jobs in Dec., Unemployment Rate Falls to 3.9%

The video discusses the latest employment data, highlighting a downside surprise in the unemployment rate, which is now at 3.9%, close to pre-pandemic levels. It covers changes in average hourly earnings, which rose more than expected, and the participation rate, which remains unchanged. The impact of the pandemic on employment is noted, with a decrease in those unable to work due to the pandemic. Job creation is analyzed across sectors like leisure, hospitality, manufacturing, and construction, with a focus on the holiday period's effect on transportation and warehousing jobs. Revisions to previous months' data are also discussed.

What was the unemployment rate mentioned in the report, and how does it compare to pre-pandemic levels?

• 3.9%, which is higher than pre-pandemic levels

• 3.9%, which is close to pre-pandemic levels

• 4.2%, which is lower than pre-pandemic levels

• 4.2%, which is higher than pre-pandemic levels

How did the average hourly earnings change compared to the forecast?

• Increased by 6/10, exceeding the forecast

• Decreased by 6/10, below the forecast

• Increased by 4/10, matching the forecast

• Decreased by 4/10, below the forecast

What was the participation rate, and how did it change from the previous survey?

• 61.9%, increased from the initial survey

• 61.8%, decreased from the initial survey

• 61.8%, unchanged from the revised survey

• 61.9%, unchanged from the revised survey

Which sector saw the largest discrepancy between the ADP survey and the actual job creation?

• Construction

• Leisure and Hospitality

• Transportation and Warehousing

• Manufacturing

What was the revision for the number of jobs created in November?

• Revised down by 102,000 to 648,000

• Revised up by 102,000 to 648,000

• Revised down by 39,000 to 249,000

• Revised up by 39,000 to 249,000