Deep Dive Into the Disappointing U.S. Jobs Report

Deep Dive Into the Disappointing U.S. Jobs Report

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses the disappointing job creation numbers for May, with only 38,000 jobs added compared to the expected 160,000. The unemployment rate fell to 4.7%, but this is due to a large number of people leaving the labor force. The participation rate dropped to 62.6%, and wage growth was modest. Job losses were noted in sectors like construction and telecommunications, partly due to the Verizon strike. Health and education were the only sectors with significant job growth. The labor participation rate among veterans and those without a high school diploma also declined.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the expected number of jobs to be created in May according to economists?

120,000

160,000

229,000

38,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector was identified as the only real winner in terms of job creation?

Manufacturing

Construction

Health and Education

Telecommunications

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the impact of the Verizon strike on job numbers?

Gain of 34,000 jobs

Increased job creation

No impact

Loss of 34,000 jobs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the labor participation rate change for Gulf War 2 veterans?

Decreased

Remained stable

Increased slightly

Increased significantly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which group saw a drop in labor force participation rate besides veterans?

People with college degrees

People with high school diplomas

People without high school diplomas or college degrees

People in the technology sector