U.S. Adds 130,000 Jobs in August, Jobless Rate Holds Steady at 3.7%

The video discusses the creation of 130,000 jobs last month, with 25,000 being temporary census hires. Private sector hiring was 96,000, below the consensus of 150,000. The unemployment rate remains at 3.7%, with increased labor force participation. Black unemployment fell to a record low of 5.5%. The average workweek increased slightly, while manufacturing overtime decreased. Average hourly earnings rose by 0.4% in August, maintaining an annual rate of 3.2%. Retailers lost 11,000 jobs, marking the seventh consecutive month of job cuts. Overall, fewer jobs were created, with notable changes in construction, manufacturing, healthcare, and education sectors. The Fed is likely to dismiss these mixed results.

How many jobs were created last month, and how many of those were temporary census hires?

• 130,000 jobs created, 25,000 temporary census hires

• 150,000 jobs created, 30,000 temporary census hires

• 100,000 jobs created, 20,000 temporary census hires

• 120,000 jobs created, 15,000 temporary census hires

What was the consensus expectation for job creation last month?

• 140,000 jobs

• 150,000 jobs

• 160,000 jobs

• 130,000 jobs

What was the unemployment rate last month, and what significant change occurred in black unemployment?

• 3.5% unemployment rate, black unemployment rose to 6.5%

• 3.7% unemployment rate, black unemployment rose to 6%

• 3.7% unemployment rate, black unemployment fell to 5.5%

• 4% unemployment rate, black unemployment fell to 5%

What was the average hourly earnings increase for the month of August?

• 6/10

• 5/10

• 3/10

• 4/10

How many jobs were lost in the retail sector last month?

• 11,000 jobs

• 12,000 jobs

• 10,000 jobs

• 13,000 jobs