U.S. Adds 20,000 Jobs in February, Jobless Rate Falls to 3.8%

The video discusses the decline in the unemployment rate to 3.8% and an increase in average hourly earnings by $0.11, marking a 3.4% rise, the highest since April 2009. The labor participation rate remained steady at 63.2%. Job revisions for December and January were noted, with 20,000 jobs added in February. Gains were seen in healthcare and wholesale trade, while construction jobs declined by 31,000. Manufacturing and leisure sectors showed little change. The unemployment rate drop partly reflects federal employees returning post-government shutdown.

What was the percentage increase in average hourly earnings, marking the highest growth since April 2009?

• 2.8%

• 3.4%

• 3.0%

• 4.1%

How many jobs were added to the US economy in February?

• 30,000

• 15,000

• 25,000

• 20,000

Which sectors saw job gains in February?

• Construction and Manufacturing

• Health Care and Wholesale Trade

• Leisure and Hospitality

• Retail and Transportation

By how many jobs did employment in construction decline in February?

• 20,000

• 15,000

• 25,000

• 31,000

What was one factor contributing to the .2 percentage point decline in the unemployment rate?

• Decrease in leisure and hospitality jobs

• Furloughed federal employees returning to work

• Increase in manufacturing jobs

• Rise in retail employment