321,000 Jobs Added in November

The video discusses the labor market's performance in November, highlighting the addition of 321,000 jobs, the steady unemployment rate at 5.8%, and the concerns about stagnant wages. Despite the positive job growth, some jobs are not high-paying, and wage growth remains a concern. However, average hourly earnings exceeded expectations, and the three-month job average is strong. There is a slight improvement in long-term unemployment, but challenges remain, as evidenced by recent minimum wage protests, indicating that not everyone benefits from economic growth.

What was the unemployment rate in November, despite the addition of 321,000 jobs?

• 5.8%

• 6.0%

• 5.5%

• 6.2%

How did the average hourly earnings for November compare to economists' expectations?

• They were double the expectations

• They matched expectations

• They were slightly above expectations

• They were lower than expected

What does the U-6 unemployment rate include that the standard unemployment rate does not?

• Retired individuals

• Long-term unemployed individuals

• Seasonal workers

• Part-time workers

What recent event highlights the ongoing challenges in the labor market?

• Interest rate cuts

• Stock market rally

• Minimum wage protests

• Job fairs

Despite positive job growth, why do some people feel left out of the economic growth story?

• Stagnant wages and low-quality jobs

• High inflation rates

• Rising housing costs

• Increased taxes