U.S. Added 428,000 Jobs In April Despite Surging Inflation

The video discusses the recent addition of 428,000 jobs to the US economy in April, maintaining the unemployment rate at 3.6%. The largest job gains were in leisure, hospitality, manufacturing, and transportation sectors. Wage growth was slightly below expectations, which may indicate easing inflation pressures. The Federal Reserve is expected to continue its current strategy to manage inflation through interest rate adjustments.

How many jobs were added to the US economy last month?

• 600,000

• 350,000

• 428,000

• 500,000

Which sectors saw the largest job gains?

• Technology and Retail

• Leisure, Hospitality, Manufacturing, Transportation, and Warehousing

• Finance and Real Estate

• Healthcare and Education

What was the percentage increase in average hourly earnings reported?

• 0.6%

• 0.5%

• 0.4%

• 0.3%

What does the slight decrease in expected wage growth suggest about inflation?

• Inflation is stable

• Inflation is increasing

• Inflation is unpredictable

• Inflation might be tapering

What is the Federal Reserve's expected response to the current job report?

• Increase interest rates

• Decrease interest rates

• Maintain current interest rate strategy

• Implement new monetary policies