US Employment Rises at a More Moderate Pace in July

The video discusses recent job numbers, highlighting a lower-than-expected increase in jobs and a drop in unemployment to 3.5%. Private payrolls and revisions indicate a slowing labor market, while average hourly earnings are strong. The Federal Reserve faces challenges as the labor market shows mixed signals, with historical comparisons suggesting a return to pre-COVID conditions.

What was the underemployment rate reported?

How does the current job report compare to pre-COVID job reports?