U.S. Payrolls Drop 140,000 Amid December Virus Surge

U.S. Payrolls Drop 140,000 Amid December Virus Surge

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

Created by

Quizizz Content

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many jobs were lost in December, and which sector was primarily affected?

95,000 jobs lost, mainly in manufacturing

140,000 jobs lost, mainly in services

140,000 jobs lost, mainly in manufacturing

95,000 jobs lost, mainly in services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the change in manufacturing payrolls during December?

A decrease of 38,000 jobs

No change in manufacturing jobs

A decrease of 95,000 jobs

An increase of 38,000 jobs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the unemployment rate in December, and how did it compare to the previous month?

6.7%, higher than the previous month

6.5%, higher than the previous month

6.7%, same as the previous month

6.5%, same as the previous month

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the slight fall in average weekly hours indicate about the economy?

The economy is experiencing inflation

The economy is stable

The economy is slowing down

The economy is growing rapidly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the labor force participation rate in December, and why is it significant?

61.5%, significant for the Federal Reserve

60.5%, significant for the stock market

61.5%, significant for the stock market

60.5%, significant for the Federal Reserve