U.S. Adds 211,000 Jobs in April, Jobless Rate Falls

The video discusses the U.S. job market, highlighting a strong performance with 211,000 jobs added, surpassing estimates. Unemployment is at its lowest since 2007, indicating a solid rebound. Wage growth is modest, with a 0.3% monthly and 2.5% yearly increase. The labor market is tightening, with underemployment rates at their lowest since 2007. Part-time and discouraged workers are at a nine-year low, signaling positive economic trends. Retail shows signs of recovery, while manufacturing and construction face challenges.

What was the underemployment rate mentioned in the report?

What sectors showed changes in employment according to the text?