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 potential surprise is mentioned in the employment report?

• Drop in technology jobs

• Increase in financial services hiring

• Stable manufacturing jobs

• Decrease in retail jobs

What was a significant change in the October jobs report?

• Increase in technology jobs

• Drop in manufacturing jobs

• Rise in retail jobs

• Stable financial services jobs

How did average hourly earnings change in the report?

• Increased by 0.2%

• Remained the same

• Decreased by 0.5%

• Increased by 1.0%

What was the overall impression of the job numbers?

• Worse than expected

• Better than expected

• As expected

• Disappointing

What is described as the 'shining star' of the economy?

• Manufacturing sector

• Retail sector

• Employment sector

• Technology sector