U.S. Adds 250,000 Jobs in October, Wage Gains Rise to 3.1%

The video discusses the US unemployment rate, which remained at 3.7% in October, the lowest since 1969. Average hourly earnings increased by $0.83 year-over-year, marking the highest rise since 2009. The labor participation rate saw a slight increase to 62.9%. Job revisions for September and August were noted, with significant job gains in healthcare, manufacturing, construction, and transportation sectors. Overall, 250,000 jobs were added to the US economy in October.

What was the unemployment rate in October, and how does it compare historically?

• 3.7%, the lowest since December 1969

• 4.0%, the lowest since January 1970

• 3.5%, the lowest since December 1969

• 4.2%, the lowest since January 1970

How much did average hourly earnings increase year over year?

• 3.4%

• 2.9%

• 3.1%

• 3.0%

What was the EU 6 total unemployment rate in the latest report?

• 7.3%

• 7.4%

• 7.6%

• 7.5%

What was the change in the labor participation rate?

• Decreased by 0.2% to 62.7%

• Increased by 0.3% to 63.0%

• Decreased by 0.1% to 62.8%

• Increased by 0.2% to 62.9%

How many jobs were added to the US economy in October?

• 250,000

• 300,000

• 200,000

• 150,000