U.S. Adds 273,000 Jobs in February, Jobless Rate Falls to 3.5%

The video discusses February's employment data, highlighting a stable unemployment rate of 3.5% and no significant coronavirus impact. The leisure and hospitality sector added 51,000 jobs, while government jobs increased by 45,000, including 7,000 census-related positions. Average hourly earnings rose by $0.09, and the labor participation rate remained at 63.4%. Revisions in December and January data showed an increase of 85,000 jobs. Significant job gains were seen in healthcare and construction sectors.

What was the unemployment rate in February, and how did it compare to expectations?

• 4.0%, increased and above expectations

• 3.5%, unchanged and above expectations

• 3.5%, unchanged and below expectations

• 3.0%, decreased and below expectations

Which sector added 51,000 jobs in February?

• Education

• Construction

• Leisure and Hospitality

• Healthcare

How many jobs were added at the government level, and how many were related to the 2020 Census?

• 50,000 total, 10,000 Census-related

• 45,000 total, 7,000 Census-related

• 55,000 total, 8,000 Census-related

• 40,000 total, 5,000 Census-related

What was the percentage increase in average hourly earnings year over year?

• 2%

• 4%

• 3%

• 5%

Which sector showed a significant gain of 57,000 jobs?

• Construction

• Manufacturing

• Retail

• Healthcare and Social Assistance