U.S. Payrolls Surge by 321K as Wages Increase in November

The video discusses job growth in November, highlighting a 0.4% wage increase and a steady unemployment rate of 5.8%. It reviews job revisions for previous months, showing an average of 278,000 jobs per month over three months. Various sectors, including manufacturing and retail, saw significant gains. The household survey indicates a stable participation rate, while underemployment decreased. Wages rose by 0.4% month-over-month, with average weekly hours increasing. The report concludes with a discussion on how these figures might influence the Federal Reserve's decisions.

What was the percentage increase in wages month over month in November?

• 0.8%

• 0.6%

• 0.4%

• 0.2%

Which sector saw the highest job gains in the report?

• Manufacturing

• Temporary Hiring

• Professional and Business Services

• Retail

What was the unemployment rate holding steady at according to the report?

• 6.2%

• 5.5%

• 5.8%

• 6.0%

How much did the underemployment rate fall compared to a year ago?

• 0.5%

• 1.0%

• 1.5%

• 1.3%

What was the average weekly hours reported in the latest data?

• 33.5 hours

• 34.6 hours

• 35.0 hours

• 34.0 hours