U.S. Adds 138,000 Jobs in May, Missing Estimates

U.S. Adds 138,000 Jobs in May, Missing Estimates

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Interactive Video

Business

University

Hard

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The video discusses the job report for May, highlighting a lower-than-expected job increase of 138,000 and a decrease in unemployment to 4.3%, the lowest in 16 years. However, labor force participation also fell to 62.7%. Wages showed minimal growth, and the tight labor market is making it difficult to fill jobs. This situation might affect the anticipated Fed rate hike. Underemployment dropped to 8.4%, and discouraged workers decreased, marking rare positive news. Industry performance was mixed, with retail down and construction at its highest since 2008.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the number of jobs added in May?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the unemployment rate reported?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the report indicate about labor force participation?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the report suggest about wage gains in the current labor market?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the underemployment rate mentioned in the report?

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