Employers Added Fewest Jobs in Nearly 6 Years

The video discusses the job growth data for May, which was significantly below expectations and the lowest since September 2010. It highlights job losses in sectors like telecom, manufacturing, mining, and construction, partly due to the Verizon strike. Revised payroll data for March and April show further declines. Despite a drop in the unemployment rate to 4.7%, workforce participation decreased. Positive aspects include wage growth and job creation in education and health care. The video concludes with a recap of these key data points.

Which sector experienced a decrease of 34,000 jobs in May?

• Manufacturing

• Mining and Logging

• Information and Telecom

• Construction

How many jobs were revised down in April?

• 38,000

• 22,000

• 37,000

• 59,000

What was the unemployment rate after 458,000 people left the workforce?

• 5.0%

• 4.9%

• 4.7%

• 4.8%

Which sector saw the creation of 67,000 jobs in May?

• Information and Telecom

• Manufacturing

• Education and Healthcare

• Construction

What was the year-over-year wage growth reported?

• 2.0%

• 2.5%

• 3.0%

• 1.5%