U.S. Adds 160,000 Jobs in April Missing Estimates

U.S. Adds 160,000 Jobs in April Missing Estimates

Assessment

Interactive Video

Business, Life Skills

University

Hard

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The video discusses the weakest job creation since September 2015, with job growth falling 40,000 below expectations for April. The unemployment rate remains at 5%, but 360,000 people left the workforce, reducing the labor participation rate. There is a notable increase in jobless benefits claims and disappointing private payroll numbers. However, wage inflation shows positive signs with a 2.5% year-over-year increase in average hourly earnings. Economic indicators like part-time employment for economic reasons and the underemployment rate show slight improvements.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the job growth expectation for April according to the survey of economists?

300,000 jobs

150,000 jobs

200,000 jobs

250,000 jobs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the labor participation rate change from March to April?

Increased to 63%

Increased to 63.2%

Decreased to 62.8%

Remained at 63%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the largest increase in jobless benefit claims since January?

A slight increase

A decrease in claims

A steady number of claims

An unexpectedly large increase

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the year-over-year increase in average hourly earnings?

3.0%

2.5%

2.0%

1.5%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the underemployment rate in April?

9.5%

9.7%

9.8%

9.6%