What to Watch for in the November Jobs Report

The video discusses economic weaknesses identified in leisure and hospitality sectors for November, contrasting with October's issues in professional services. Anna Wong from Bloomberg Economics provides insights into market indicators, emphasizing the importance of payroll data and its revisions. The discussion highlights the potential impact on unemployment rates and the significance of understanding real job creation figures.

Which sectors were identified as weak in November and October, respectively?

• Leisure and hospitality; professional and business services

• Manufacturing; retail

• Healthcare; education

• Technology; finance

What is considered most important for markets when evaluating labor market data?

• Wage gain

• Unemployment rate

• Printed non-farm payroll

• Revisions

What does the QCEW report suggest about non-farm payroll revisions?

• An upward revision of 50,000

• An upward revision of 100,000

• A downward revision of 100,000

• No revision needed

What is the expected real job creation if the non-farm payroll is revised down by 100,000?

• 182,000

• 200,000

• 100,000

• 82,000

Why is the unemployment rate expected to climb according to Anna?

• Due to a decrease in labor force participation

• Due to increased job creation

• Because of stable job creation

• As a result of insufficient job creation to stabilize unemployment