U.S. Jobless Rate Falls to 3.6%, Nearing Pre-Covid Low

The video discusses the restoration of 431,000 jobs in March, with the unemployment rate dropping to 3.6%. Payroll revisions add 95,000 jobs, totaling over 500,000 in two months. The impact on the Federal Reserve is uncertain, as average hourly earnings rise by 5.6% year-over-year. The labor force participation rate increases to 62.4%, indicating more people are seeking and obtaining jobs, which is positive for the labor market but may raise inflation concerns.

What was the unemployment rate in the US during March as mentioned in the video?

• 3.9%

• 4.0%

• 4.2%

• 3.6%

How many jobs were added in the payroll revision?

• 85,000

• 100,000

• 95,000

• 90,000

What is the total number of jobs restored over the last two months?

• Over 600,000

• Over 400,000

• Over 300,000

• Over 500,000

By how much did average hourly earnings increase on a year-over-year basis?

• 5.6%

• 6.0%

• 5.0%

• 4.6%

What was the labor force participation rate mentioned in the video?

• 61.4%

• 62.4%

• 63.4%

• 64.4%