U.S. Adds 75,000 Jobs in May, Jobless Rate Holds at 3.6%

The video discusses the lack of wage pressure due to minimal job creation, with 75,000 jobs created in May and revisions for March and April canceling them out. Average hourly earnings rose slightly, and the unemployment rate remained steady at 3.6%. The labor force participation rate was unchanged, with weak hiring and job losses mainly in retail. Some job gains were seen in manufacturing and construction, but losses occurred in tariff-affected industries.

What was the net effect on job creation in May after revisions to March and April?

• 75,000 new jobs created

• No new jobs created

• 150,000 new jobs created

• 50,000 new jobs created

How did the unemployment rate change according to the report?

• It increased to 3.8%

• It remained unchanged at 3.6%

• It increased to 4.0%

• It decreased to 3.4%

What was the participation rate in the labor force during the period discussed?

• 60.5%

• 62.8%

• 64.0%

• 63.5%

Which sector experienced a significant decline in jobs as summer approached?

• Retail

• Healthcare

• Finance

• Technology

What was the impact of tariffs on job losses in specific industries?

• Increased jobs in metal fabrication

• No impact on job numbers

• Job losses in primary metals and communications equipment

• Job gains in clothing factories