What the Fed Will Look for in the May Jobs Report

The video discusses the Federal Reserve's focus on various economic indicators to assess the economy's momentum. Key areas include payroll gains, unemployment rates, and labor force participation. The Fed may tolerate mediocre payroll increases due to temporary factors like strikes. The video also highlights unusual trends in retail payrolls and seasonal job impacts.

What factors does the speaker mention that could affect the payroll numbers?

What seasonal factors does the speaker believe may impact job numbers in May?