What is the Fed's primary concern regarding job creation numbers?
US Companies Add Fewer Jobs Than Forecast at 146,000: ADP
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The transcript discusses the ADP job estimates for November, which are significantly lower than the previous month. It explores the potential impact of hurricanes and strikes on job numbers and the expected rebound. The discussion also covers the revisions in job data and the Federal Reserve's focus on unemployment rates rather than overall job creation numbers.
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3 mins • 1 pt
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What is the significance of the revisions in the ADP employment change?
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