US Adds 263,000 Jobs in Sept., Topping Estimates

The video discusses recent changes in nonfarm and private payrolls, highlighting that the numbers closely matched forecasts. The unemployment rate dropped to 3.5%, partly due to a slight decrease in the labor force participation rate. Average hourly earnings increased modestly, aligning with expectations. Revised figures for private payrolls indicate a weaker economic trend, which may suggest that the Federal Reserve's policies are beginning to take effect.

What was the actual change in private payrolls compared to the forecast?

• 308,000 compared to 275,000

• 263,000 compared to 255,000

• 288,000 compared to 275,000

• 255,000 compared to 288,000

How did the unemployment rate change according to the transcript?

• It remained the same at 3.5%

• It increased to 4%

• It dropped to 3.5%

• It increased to 3.8%

What was the change in average hourly earnings for the month?

• Up by 5%

• No change

• Down by 3/10

• Up by 3/10

What was the labor force participation rate after the change?

• 63.5%

• 61.8%

• 64.0%

• 62.3%

What does the revision of private payroll numbers suggest about the economy?

• The economy is strengthening rapidly

• The Federal Reserve's measures might be working

• There is no significant change

• The economy is in a recession