Unemployment Rate Falls Below 8% As U.S. Adds 661,000 New Jobs

The video discusses the September jobs report, noting a drop in the unemployment rate to 7.9%. Despite this, hiring has slowed for the third consecutive month, with only slightly more than half of the 22 million jobs lost during the pandemic recovered. The start of the new fiscal year has seen the end of some assistance programs, leading to major layoffs by companies.

What was the unemployment rate reported in September?

How many months of slower hiring have been reported?

What percentage of the jobs lost during the pandemic have been recovered so far?

What significant change occurred with the start of the new fiscal year?

What has been the impact of the ending of some assistance programs?