U.S. Adds 155,000 Jobs in November, Jobless Rate Holds Steady at 3.7%

U.S. Adds 155,000 Jobs in November, Jobless Rate Holds Steady at 3.7%

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Business, Social Studies, Life Skills

University

Hard

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The video discusses the economic impact of tariffs and holiday hiring trends. Unemployment remains steady at 3.7%, with average hourly earnings increasing by 3.1%. The labor force participation rate is unchanged. Tariffs have led to job growth in primary metals but losses in metal fabrication and auto manufacturing. Retail hiring is lower than expected, with a shift towards internet shopping. The workweek has decreased slightly, and African American unemployment has reached a record low, while U6 unemployment has risen.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the change in the workweek hours?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the record low unemployment rate for African Americans?

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