U.S. Unemployment Rate 5.0% on 215,000 Jobs Added

U.S. Unemployment Rate 5.0% on 215,000 Jobs Added

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

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The video discusses the US labor market, highlighting a rise in the unemployment rate to 5% for the first time since May 2015. Positive indicators include wage growth and an increase in labor participation. However, there are significant job losses in manufacturing and mining. The underemployment rate has also increased. The video explains that the rise in unemployment is partly due to an increase in the labor force, with many new entrants unable to find work. Overall, the labor market presents a mixed picture with both positive and negative trends.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the wage growth reported month over month?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How many unemployed Americans were reported in the text?

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