U.S. Adds 199K Jobs in December Missing 450,000 Estimate

The video discusses the latest employment data, highlighting a downside surprise in the unemployment rate, which is now at 3.9%, close to pre-pandemic levels. It examines changes in average hourly earnings, which rose more than expected, and the participation rate, which remains unchanged. The impact of the pandemic on employment is noted, with a decrease in those unable to work due to the pandemic. Job creation is analyzed across sectors like leisure, hospitality, manufacturing, and transportation, with a focus on seasonal employment trends.

What was the unemployment rate mentioned in the report, and how does it compare to pre-pandemic levels?

• 3.9%, close to pre-pandemic levels

• 4.5%, significantly higher than pre-pandemic levels

• 4.0%, slightly higher than pre-pandemic levels

• 3.2%, exactly the same as pre-pandemic levels

How did the average hourly earnings change compared to the forecast?

• Decreased by 2/10, below the forecast

• Increased by 4/10, matching the forecast

• Increased by 6/10, exceeding the forecast

• Remained unchanged from the previous month

What was the participation rate mentioned in the report?

• 60.5%

• 61.9%

• 63.0%

• 62.3%

Which sector saw the highest number of jobs created according to the report?

• Manufacturing

• Construction

• Transportation and Warehousing

• Leisure and Hospitality

What seasonal trend is noted in the transportation and warehousing sector?

• Increased hiring due to holiday shopping

• Decreased hiring due to reduced demand

• Stable employment throughout the year

• Layoffs during the holiday season