US Adds 311,000 Jobs in February, Topping Estimates

US Adds 311,000 Jobs in February, Topping Estimates

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the February job creation data, showing 311,000 jobs added according to the Bureau of Labor Statistics. Revisions to previous months' data indicate a decrease in non-farm payrolls for January and December. The unemployment rate unexpectedly rose to 3.6%, while average hourly earnings fell slightly. The labor force participation rate increased to 62.5%, and average weekly hours decreased, indicating mixed signals in the labor market.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many jobs were created in February according to the Bureau of Labor Statistics?

113,000

500,000

34,000

311,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the net revision for non-farm payrolls in January?

Up by 50,000

Down by 34,000

Up by 20,000

Down by 13,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unexpected change occurred in the unemployment rate?

It decreased to 3.4%

It increased to 3.6%

It increased to 4.0%

It remained at 3.5%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the labor force participation rate in the latest report?

60.4%

62.5%

63.0%

61.5%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What change was observed in the average weekly hours worked?

Increased to 36.0

Increased to 35.0

Decreased to 34.5

Remained at 34.7