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.

Why is it difficult to predict the exact impact of the job losses from the surveys?

What alternative measure is the Fed likely to focus on instead of the headline number?