Three Must-See Charts About the October Jobs Report

The video tutorial discusses the current state of the labor market, focusing on wage growth and employment trends. It highlights the debate on job growth slowing due to full employment and examines different datasets showing varying signals about wages. The video also explores demographic employment trends, particularly the re-entry of 45 to 54-year-olds into the workforce, and compares job growth in high and low wage service industries. Finally, it discusses the relationship between wage growth and inflation, noting the lack of consensus on causality.

What are the two different signals mentioned regarding aggregate weekly payroll growth?

How has the employment rate for 45 to 50 year olds changed according to the discussion?

What is the significance of the red line in the chart comparing high wage service jobs to low wage jobs?

Discuss the relationship between wage growth and inflation as described in the text.

What are the two ways in which wage growth could influence inflation according to the discussion?