U.S. Employers Keep Hiring Briskly Even In Face Of Rate Hikes

The US added 261,000 jobs last month, surpassing the expected 200,000, but the unemployment rate rose to 3.7%. Despite this, Wall Street reacted positively, with the Dow increasing by 450 points. The job gains were mainly in healthcare, professional services, and manufacturing. This report is significant as it precedes the midterm elections, where inflation is a key issue. The Federal Reserve recently raised interest rates, and Fed Chair Jerome Powell indicated that inflation might not decrease until the labor market weakens. The Fed is expected to raise rates again in December, but the duration of rate hikes remains uncertain.

How many jobs were added to the US economy last month?

• 150,000

• 300,000

• 261,000

• 200,000

Which sector experienced the largest job gains according to the report?

• Construction

• Healthcare

• Education

• Retail

What is a significant economic issue for voters in the upcoming midterm elections?

• Unemployment

• Trade Deficit

• Inflation

• National Debt

What did Fed Chair Jerome Powell suggest about inflation?

• It will decrease as the labor market strengthens.

• It will decrease once the labor market weakens.

• It will remain stable regardless of the labor market.

• It will increase with more job gains.

What is the Federal Reserve expected to do in December?

• Lower interest rates

• Maintain current interest rates

• Eliminate interest rates

• Raise interest rates