US Jobs Preview: What to Watch for in November Report

The video discusses potential distortions in non-farm payroll numbers due to factors like hurricanes and strikes, particularly the Boeing strike. It highlights the challenges in interpreting these numbers due to previous distortions and differences in survey data. The video also notes that the Federal Reserve may focus on unemployment rates rather than headline payroll numbers to gauge economic health.

What are some factors mentioned that could distort the non-farm payroll numbers?

• Changes in tax laws

• Technological advancements

• New government policies

• Hurricanes and returning strikers

How many jobs were estimated to be lost due to the strikes against Boeing?

• 38,000

• 50,000

• 10,000

• 25,000

Why is it difficult to add up survey data to get an exact job loss number?

• Surveys are conducted in different languages

• Surveys are conducted at different times

• Surveys have different methodologies

• Surveys are not publicly available

What is the expected impact of hurricanes on the job numbers?

• Better than anticipated

• Unrelated to job numbers

• Worse than anticipated

• As anticipated

What is the Federal Reserve's approach to the distorted payroll numbers?

• Focus on the headline number

• Ignore unemployment rates

• Adjust interest rates immediately

• Concentrate on unemployment instead