US economy added 206,000 new jobs in June, outpacing historical norms, new data shows

The US economy added 218,000 jobs in May, signaling growth but at a slower pace. Unemployment rose slightly to 4.1%, while wage growth was the slowest in years. The Federal Reserve may cut interest rates if the economy slows further. Consumer sentiment dropped 10% in May, with high prices being a concern. The government is working to lower prices, especially for travel and gas, to provide relief while maintaining a strong job market.

What was the unemployment rate in the US in May?

• 3.9%

• 4.0%

• 4.2%

• 4.1%

What is the significance of the Federal Reserve's potential actions mentioned in the transcript?

• Increasing interest rates to control inflation

• Cutting interest rates to stimulate the economy

• Maintaining current interest rates

• Raising taxes to increase government revenue

How did consumer sentiment change in May according to the University of Michigan?

• It increased by 10%

• It fell by 10%

• It rose by 5%

• It remained stable

What measure did the administration take to help reduce gas prices?

• Increased gas taxes

• Implemented a gas rationing system

• Subsidized electric vehicles

• Released a million barrels of gasoline

By what percentage have airfares decreased compared to last year?

• 4%

• 5%

• 6%

• 7%