U.S. Adds 20,000 Jobs in February, Jobless Rate Falls to 3.8%

U.S. Adds 20,000 Jobs in February, Jobless Rate Falls to 3.8%

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Business, Social Studies, Life Skills

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Hard

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The video discusses the decline in the unemployment rate to 3.8% and an increase in average hourly earnings by $0.11, marking a 3.4% rise, the highest since April 2009. The labor participation rate remained steady at 63.2%. Job revisions for December and January were noted, with 20,000 jobs added in February. Gains were seen in healthcare and wholesale trade, while construction jobs declined by 31,000. Manufacturing and leisure sectors showed little change. The unemployment rate drop partly reflects federal employees returning post-government shutdown.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the unemployment rate in February and how much did it decline?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How much did average hourly earnings increase in February?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What sectors saw job gains in February?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the change in employment in the construction sector in February?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the impact of the government shutdown on employment?

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