U.S. Adds 304,000 Jobs in January, Jobless Rate Rises to 4%

The video discusses the minimal impact of the government shutdown on unemployment, which rose slightly to 4%. Job creation in January was strong, but December's numbers were revised down significantly. Earnings saw a modest increase, with minimum wage hikes contributing to a 3.2% year-over-year rise. Federal workers on temporary layoff affected the unemployment rate, which increased to 2.6%. The broader U6 unemployment rate also rose. Job creation was notable in manufacturing and construction, though construction pay decreased. Retail jobs increased, while coal mining jobs fell. Aggregate weekly hours, a GDP proxy, rose slightly.

What was the revised number of jobs created in December?

• 300,000

• 222,000

• 312,000

• 400,000

How did the EU six rate change according to the report?

• It increased to 8.1%

• It decreased to 7.1%

• It remained the same at 7.6%

• It decreased to 6.5%

Which sector saw a decrease in pay during the month?

• Coal Mining

• Construction

• Manufacturing

• Retail

How many jobs were created in the construction sector?

• 13,000

• 21,000

• 100,000

• 52,000

What was the change in aggregate weekly hours, a proxy for GDP?

• Down by 5/10 to 105.9

• Down by 3/10 to 110.9

• Up by 3/10 to 110.9

• Up by 5/10 to 115.9