Fed Can Pat Themselves on the Back After Jobs Report: Harvard’s Greene

The transcript discusses the unexpected strength in job numbers, highlighting revisions in retail and financial services. It notes a significant drop in manufacturing jobs but emphasizes the overall positive employment picture. The Fed is unlikely to change its policy, viewing the report as a success. The employment sector remains a strong point in the economy, with implications for future economic actions.

What was mentioned about manufacturing jobs in the context of the report?

What does the speaker imply about average hourly earnings in the report?