U.S. Adds 199,000 Jobs in Dec., Unemployment Rate Falls to 3.9%

The video discusses the latest employment data, highlighting a downside surprise in the unemployment rate, which is now at 3.9%, close to pre-pandemic levels. It covers changes in average hourly earnings, which rose more than expected, and the participation rate, which remains unchanged. The impact of the pandemic on employment is noted, with a decrease in those unable to work due to the pandemic. Job creation is analyzed across sectors like leisure, hospitality, manufacturing, and construction, with a focus on the holiday period's effect on transportation and warehousing jobs. Revisions to previous months' data are also discussed.

What impact did the pandemic have on the number of people unable to work?

Which sector saw the highest job creation according to the text?