U.S. Adds 157,000 Jobs in July, Jobless Rate Falls to 3.9%

U.S. Adds 157,000 Jobs in July, Jobless Rate Falls to 3.9%

Assessment

Interactive Video

Business, Life Skills

University

Hard

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The video discusses the labor market report, highlighting a steady unemployment rate and job creation trends. Seasonal factors and industry-specific issues, such as the closure of Toys R Us, affect job numbers. Tariffs impact employment in steel and aluminum sectors. The report is unlikely to influence markets or the Federal Reserve. Data revisions indicate a strong labor market, with future outlooks remaining positive.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the annual rate of increase in average hourly earnings reported?

3.2%

3.0%

2.5%

2.7%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector experienced job losses due to the closure of Toys R Us?

Coal industry

Local government education

Sporting goods, hobby, book, and music stores

Primary metals

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many jobs were gained in the trade, transportation, and utilities sector?

15,000

5,100

10,000

20,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the unemployment rate for African Americans as reported?

7.2%

6.6%

6.0%

5.6%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the revised job creation number for the previous month?

193,000

157,000

213,000

248,000