U.S. Adds 210,000 Jobs, Unemployment Rate Falls to 4.2%

U.S. Adds 210,000 Jobs, Unemployment Rate Falls to 4.2%

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Business

University

Hard

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The video discusses unexpected employment figures, with a surprising 210,000 jobs added, causing confusion at the Fed. The unemployment rate dropped significantly to 4.2%, with a rise in the civilian labor force by 594,000. The household survey shows over a million jobs, but this doesn't align with the establishment survey. Average hourly earnings decreased slightly, and the labor force participation rate increased to 61.8%. Payroll revisions for September and October were higher, but not as significant as previous months.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the average hourly earnings change mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the net payroll revisions for September and October?

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