Jobs in the spotlight.
Welcome to the Know the Difference Minute for Wednesday, November 30th.
As the Federal Reserve battles inflation, employment is on the front line. In a weird way, things are almost too good. That’s a problem. 
The jobs market is super tight. It wasn’t long ago that there were 2 open jobs for every person out of work.  As the Fed raises rates, one of the pain points will probably be layoffs. Jerome Powell said as much. 
That’s why today’s Job Openings and Labor Turnover Survey—or JOLTS—is important. It showed over 350,000 less jobs in October—and down 760,000 from a year ago. ADP’s private payroll report today also showed softening with only 127,000 job gains. 
All eyes move to Friday’s Labor Department jobs report. The estimate is 200,000 for the month---key data for the Fed when determining the next rate hike. 
I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.