U.S. Adds 273,000 Jobs in February, Jobless Rate Falls to 3.5%

U.S. Adds 273,000 Jobs in February, Jobless Rate Falls to 3.5%

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Business, Life Skills

University

Hard

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The video discusses February's employment data, highlighting a stable unemployment rate of 3.5% and no significant coronavirus impact. The leisure and hospitality sector added 51,000 jobs, while government jobs increased by 45,000, including 7,000 census-related positions. Average hourly earnings rose by $0.09, and the labor participation rate remained at 63.4%. Revisions in December and January data showed an increase of 85,000 jobs. Significant job gains were seen in healthcare and construction sectors.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the unemployment rate in February?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How many jobs did the leisure and hospitality sector add in February?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the increase in temporary hires' average hourly earnings year over year?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the labor participation rate reported?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Which sectors showed significant job gains in February?

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