US Companies Add 324,000 Jobs in July, Topping Estimates

The video discusses the latest job numbers, highlighting a significant increase to 324,000, surpassing expectations. It notes sector-specific changes, with manufacturing losing jobs while service providers gained. Pay changes for job stayers and changers are analyzed, showing a decrease from previous months. The Federal Reserve's use of ADP data is also discussed, with a focus on how their model differs from ADP's predictions.

What was the unexpected job number reported for the month?

• 324,000

• 190,000

• 36,000

• 497,000

Which sector experienced a significant job loss?

• Natural resources

• Mining

• Manufacturing

• Leisure and hospitality

How many jobs were added in the leisure and hospitality sector?

• 303,000

• 201,000

• 237,000

• 138,000

What was the percentage increase in pay for job changers?

• 12.0%

• 8.5%

• 10.2%

• 6.2%

What does the ADP predict for the upcoming July payrolls number?

• Stronger than expected

• As expected

• Weaker than expected

• Lower than expected