U.S. Adds 255,000 Jobs in July, Jobless Rate at 4.9%

The video discusses the employment statistics for July, highlighting a rise in private sector jobs and a slight increase in the unemployment rate to 4.9%. Average hourly earnings grew more than expected, and the average workweek was slightly longer. Revisions for May and June showed a net increase in jobs. Job gains were seen in professional services, healthcare, and government sectors, with many new jobs being teaching positions. The labor force participation rate increased slightly, and the overall job additions were better than anticipated, providing economists and the Fed with significant data to consider.

What was the unemployment rate in July, and how did it compare to previous estimates?

• 4.8%, which was lower than estimated

• 4.7%, which was higher than estimated

• 4.9%, which was higher than estimated

• 5.0%, which matched the estimates

Which sector saw a significant addition of jobs in July?

• Agriculture

• Professional and business services

• Retail

• Manufacturing

How many government jobs were added in July, and which profession contributed significantly to this number?

• 48,000, with a focus on construction workers

• 58,000, with many being engineers

• 38,000, with many being teachers

• 28,000, with a focus on healthcare workers

What was the labor force participation rate in July?

• 62.8%

• 64.8%

• 63.8%

• 61.8%

What was the six-month average of job additions as reported?

• 255,000

• 217,000

• 200,000

• 189,000