US Economy Adds 638,000 Jobs In October

The transcript discusses a drop in the unemployment rate to 6.9% and highlights industry rebounds in leisure, hospitality, and retail. Despite a better-than-expected economic report, hiring has slowed, and experts warn of growth challenges due to a lack of congressional relief and rising COVID-19 cases. Federal Reserve Chairman Jerome Powell urges Congress to provide more relief, citing ongoing pandemic risks. Economic activity remains below pre-pandemic levels, and the future is uncertain. The US recorded a significant increase in COVID-19 cases, setting a new record.

Which industries have shown the most significant recovery in the recent economic report?

• Leisure, Hospitality, and Retail Trade

• Technology and Healthcare

• Manufacturing and Agriculture

• Education and Transportation

What is the current unemployment rate mentioned in the report?

• 8.1%

• 6.9%

• 7.2%

• 5.5%

What are experts concerned about that could slow down economic growth?

• Decreasing stock market values

• Lack of relief from Congress and rising COVID-19 cases

• Increased interest rates

• High inflation rates

What did Federal Reserve Chairman Jerome Powell urge Congress to do?

• Increase interest rates

• Provide more relief

• Cut taxes

• Reduce government spending

How many new COVID-19 cases were recorded in the US on the day mentioned?

• 90,000

• 122,000

• 100,000

• 150,000