U.S. Is on the Cusp of Seeing Wage Growth: Zentner

The video discusses job forecasting, highlighting the consistency in job growth and the convergence of moving averages. It debates wage growth in America, noting early signs of improvement and the potential impact of tighter labor markets. The concept of labor market utilization is explored, emphasizing the role of shadow labor. The discussion shifts to the implications of wage growth on consumer spending, predicting a more balanced consumer market. Finally, the video critiques the use of consensus and whisper numbers in job reports, suggesting that low two hundred thousand is a reasonable expectation.

What is the expected job growth figure that has been consistently observed?

• 150,000

• 200,000

• 250,000

• 300,000

What index is mentioned as starting to show signs of wage growth?

• Gross Domestic Product

• Consumer Price Index

• Producer Price Index

• Employment Cost Index

What term is used to describe the unused labor potential in the market?

• Labor surplus

• Shadow labor

• Labor deficit

• Labor reserve

What is the expected impact of wage growth on consumer spending?

• Increase in spending

• Fluctuating spending

• No change in spending

• Decrease in spending

What is the general consensus on the job growth number, according to the discussion?

• 350,000

• 300,000

• 230,000

• 150,000