U.S. Adds 157,000 Jobs in July, Jobless Rate Falls to 3.9%

The video discusses the labor market report, highlighting a steady unemployment rate and job creation trends. Seasonal factors and industry-specific issues, such as the closure of Toys R Us, affect job numbers. Tariffs impact employment in steel and aluminum sectors. The report is unlikely to influence markets or the Federal Reserve. Data revisions indicate a strong labor market, with future outlooks remaining positive.

What was the annual rate of increase in average hourly earnings reported?

• 3.2%

• 3.0%

• 2.5%

• 2.7%

Which sector experienced job losses due to the closure of Toys R Us?

• Coal industry

• Local government education

• Sporting goods, hobby, book, and music stores

• Primary metals

How many jobs were gained in the trade, transportation, and utilities sector?

• 15,000

• 5,100

• 10,000

• 20,000

What was the unemployment rate for African Americans as reported?

• 7.2%

• 6.6%

• 6.0%

• 5.6%

What was the revised job creation number for the previous month?

• 193,000

• 157,000

• 213,000

• 248,000