Shepherdson: Jobs Report Good Enough, Not Great

The video discusses the latest jobs report, highlighting both strengths and weaknesses, such as the drop in participation rates and the revision of previous numbers. It examines the statistical significance of employment data and its impact on the Fed's decisions. The potential influence of the upcoming election on the Fed's actions is considered, with a focus on the implications of a Trump victory. The video also addresses global economic concerns, including China's credit bubble and the state of Europe, while noting the stability of the US domestic economy.

What was a notable positive aspect of the recent jobs report?

• A decrease in manufacturing jobs

• A drop in the participation rate

• An upward revision of previous numbers

• A rise in retail jobs

How did the broad unemployment rate change according to the report?

• It decreased by 2/10

• It increased by 1/10

• It increased by 2/10

• It remained the same

What is the potential impact of a Trump victory on the Federal Reserve's December decision?

• It would have no impact

• It would likely derail the decision

• It would accelerate the decision

• It would delay the decision by a month

What is a major concern regarding China's economy?

• Its stable banking system

• Its credit bubble

• Its high participation rate

• Its low unemployment rate

What is the current state of the US domestic economy according to the transcript?

• It looks solid on a broad number of fronts

• It is facing a major recession

• It is heavily reliant on oil exports

• It is unstable and unpredictable