Krueger Says U.S. Jobs Data Will Be a Weather Report

The video discusses the impact of hurricanes on job reports, highlighting how past hurricanes like Katrina had significant effects, while others like Sandy did not. It explores the reliability of labor force participation data and the potential regional analysis by the BLS. Market reactions to job numbers are considered, with a focus on how deviations from expectations might be attributed to hurricanes. The video also examines the impact of weather on hourly wages, suggesting that industry-specific wage data might be more informative during such events.

Which hurricane was noted to have a significant impact on job reports?

• Hurricane Sandy

• Hurricane Katrina

• Hurricane Allen

• Hurricane Georgia

What aspect of the jobs report is considered potentially more informative during hurricane impacts?

• Unemployment rate

• Job creation numbers

• Stock market trends

• Labor force participation

Which regions were primarily affected by the recent hurricanes discussed in the report?

• Texas and Florida

• New York and New Jersey

• California and Nevada

• Ohio and Michigan

Why might average hourly wages be more reliable than other report aspects during a hurricane?

• They are calculated annually

• They are based on global data

• They are unaffected by economic policies

• They are less sensitive to weather disruptions

What is a possible reason for ignoring job numbers during hurricane impacts?

• They are always inaccurate

• They are within expected ranges

• They are not reported

• They are too high