US economy added 206,000 new jobs in June, outpacing historical norms, new data shows

US economy added 206,000 new jobs in June, outpacing historical norms, new data shows

Assessment

Interactive Video

Business, Life Skills

University

Hard

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The US economy added 218,000 jobs in May, signaling growth but at a slower pace. Unemployment rose slightly to 4.1%, while wage growth was the slowest in years. The Federal Reserve may cut interest rates if the economy slows further. Consumer sentiment dropped 10% in May, with high prices being a concern. The government is working to lower prices, especially for travel and gas, to provide relief while maintaining a strong job market.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures is the administration taking to combat rising prices?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact did the release of a million barrels of gasoline have on gas prices?

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