U.S. Adds 559,000 Jobs in May, Short of Estimates

The video discusses the job market's performance, highlighting the restoration of 559,000 jobs in May and a slight decrease in the unemployment rate to 5.8%. It compares these figures to expectations and previous months, noting a shortfall in job creation. The video also covers private payrolls, manufacturing jobs, and average hourly earnings, emphasizing fluctuations in labor force participation. The leisure and hospitality sector shows significant growth, though not as high as some estimates. Overall, the data reflects a mixed recovery with some areas of disappointment.

What was the unemployment rate in May, and how did it compare to the expected rate?

• 5.8%, which was lower than expected

• 5.9%, which was higher than expected

• 6.1%, which was the same as expected

• 5.8%, which was higher than expected

How many jobs were created in April, and how did this compare to the initial print?

• 218,000, which was lower than the initial print

• 218,000, which was higher than the initial print

• 559,000, which was lower than the initial print

• 559,000, which was higher than the initial print

What was the total change in private payrolls, and how did it compare to the estimate?

• 492,000, which was below the estimate

• 610,000, which was above the estimate

• 610,000, which was below the estimate

• 492,000, which was above the estimate

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

• 5%, up from 0.3%

• 2%, up from 0.3%

• 2%, up from 1.5%

• 5%, up from 1.5%

How many jobs were added in leisure and hospitality, and how did this compare to the ADP number?

• 292,000, which was lower than the ADP number

• 440,000, which was higher than the ADP number

• 292,000, which was higher than the ADP number

• 440,000, which was lower than the ADP number