U.S. Adds 224,000 Jobs in June, Jobless Rate Rises to 3.7%

The video discusses the job market in June, highlighting a significant rebound with 224,000 jobs created. Unemployment rose slightly to 3.7% due to a larger labor force. Wage gains were modest at 3.1% annually. Job growth was seen in construction, manufacturing, and healthcare, while retail faced losses, possibly due to the Amazon effect. Transportation and warehousing saw job increases. The video concludes with a discussion on whether these economic indicators justify a Fed rate cut.

What was the total number of jobs created in June, and how did it compare to May?

• 224,000 jobs, a decrease from May

• 172,000 jobs, a decrease from May

• 224,000 jobs, a rebound from May

• 172,000 jobs, a rebound from May

Which sector experienced the largest job gains in June?

• Manufacturing

• Professional and administrative services

• Construction

• Healthcare

What is the 'Amazon effect' mentioned in the context of job losses?

• A boost in construction jobs due to Amazon's new warehouses

• An increase in manufacturing jobs due to Amazon's expansion

• A rise in online shopping leading to fewer retail jobs

• A decrease in healthcare jobs due to Amazon's healthcare initiatives

What is the annual wage growth rate mentioned in the transcript?

• 4.1%

• 5.1%

• 2.1%

• 3.1%

What economic question is posed at the end of the transcript?

• Should the Fed increase interest rates by 50 basis points?

• Is a Fed rate cut of 50 basis points justified?

• Is the job market expected to grow in the next quarter?

• Will the unemployment rate decrease further?