US Added 263,000 Jobs in November, Exceeding Estimates

US Added 263,000 Jobs in November, Exceeding Estimates

Assessment

Interactive Video

Business

University

Hard

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The video discusses the job market, highlighting a significant increase in job numbers compared to forecasts. October's job growth was revised upwards, and the unemployment rate remains steady at 3.7%. Despite a reported job loss in manufacturing, there was a creation of 14,000 jobs in the sector. Earnings have increased more than expected, with a year-over-year rise in average hourly earnings. Revised figures for October show a decline but are still higher than initially reported.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the ADP report indicate about job loss in manufacturing?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the initial report number for October before the revision?

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