Three Must-See Charts on Today's Jobs Report

The video discusses the US jobs report, focusing on manufacturing overtime, aggregate weekly payrolls, and labor market slack. It highlights the increase in manufacturing overtime, particularly in durable goods, and the implications for employment. The analysis of payrolls and average hourly earnings suggests steady growth, despite a slowdown in hiring. The labor market slack is examined, showing more unemployed people dropping out than finding jobs, indicating potential for further absorption of slack.

What recent trend has been observed in manufacturing employment?

• Decrease in overtime hours

• Increase in durable goods manufacturing overtime

• Stable employment with no changes

• Decrease in demand for durable goods

What does the increase in average hourly earnings and hours worked suggest about the economy?

• The Fed will raise interest rates soon

• There is a decrease in consumer spending

• The economy is nearing full employment

• The economy is shrinking

What is indicated by the fact that more unemployed people are dropping out of the labor force than finding jobs?

• The economy is in a recession

• The labor market is fully saturated

• Unemployment is at an all-time low

• There is still slack in the labor market