How Hourly Wages Fared in the October Jobs Report

The video discusses recent wage growth figures, highlighting the impact of hurricanes on job and wage growth. It analyzes trends in wage growth and unemployment, noting a slight acceleration in wages. The video also examines job growth in specific sectors, such as manufacturing and construction, which are generally high-paying. Despite some fluctuations, wages are rising at a moderate pace.

What was one of the main reasons for the decrease in average hourly earnings in October?

• Return of low-wage workers

• Increase in high-wage jobs

• Rise in inflation

• Decrease in unemployment rate

How does the unemployment rate affect wage growth according to the video?

• Higher unemployment leads to higher wages

• Lower unemployment leads to lower wages

• Lower unemployment leads to higher wages

• Unemployment rate has no effect on wages

What is the year-over-year wage growth rate mentioned in the video?

• 2.5%

• 3.0%

• 2.4%

• 1.6%

Which industry saw a significant increase in jobs during October?

• Retail

• Healthcare

• Education

• Information Services

What was the year-over-year wage growth rate for manufacturing workers?

• 2.3%

• 1.6%

• 3.5%

• 2.0%