Three Must-See Charts About the December U.S. Jobs Report

The video discusses wage trends across different sectors, highlighting the Phillips curve's impact on lower-end industries like restaurants and retail. It examines high-end wage trends, noting growth in healthcare but stagnation elsewhere. Employment trends in prime-age men, particularly in manufacturing and construction, are analyzed. The impact of online sales on retail employment is also explored, with a focus on the Amazon effect and service sector trends.

What trend was observed in wage growth for lower-paying industries like restaurants and retail?

• Wage growth has been consistently increasing.

• Wage growth has leveled off and decelerated recently.

• Wage growth has been decreasing steadily.

• Wage growth has remained unchanged.

Which sector in the higher-end industries showed notable wage growth?

• Manufacturing

• Retail

• Outpatient care centers

• Construction

What demographic showed a significant increase in employment growth recently?

• Women aged 25 to 34

• Teenagers aged 16 to 19

• Seniors aged 65 and above

• Men aged 35 to 44

What has been the trend in retail employment over the past year?

• Retail employment has been decreasing.

• Retail employment has been fluctuating without a clear trend.

• Retail employment has remained stable.

• Retail employment has been increasing.

What is one potential reason for the recent drop in the total number of people getting new jobs?

• A quirk in the employment data

• A slowdown in the goods sector

• An increase in the service sector

• A rise in unemployment rates