Bill Gross: Jobs Number 'Decent,' Economy Improving

The transcript discusses President Obama's achievements in improving the labor market, reducing unemployment from over 9% to 4.7%. It highlights the need to address underemployment and achieve higher GDP growth. The conversation shifts to President-elect Trump's proposed trillion-dollar economic program, which aims to boost growth through fiscal spending. However, the importance of enhancing productivity, rather than just increasing resources, is emphasized as crucial for sustainable economic growth.

What was the unemployment rate at the end of Obama's presidency compared to when he started?

• 3% from 10%

• 4.7% from above 9%

• 6% from 8%

• 5% from 7%

What is the underemployment rate referred to in the transcript?

• EU 5

• EU 4

• EU 6

• EU 3

What is the expected annual fiscal spending in Trump's proposed program?

• 200 billion

• 50 billion

• 150 billion

• 100 billion

What is the potential impact of Trump's fiscal program on real growth?

• Increase by 0.5%

• No impact

• Decrease by 0.5%

• Increase by 1%

What is crucial for achieving sustainable economic growth according to the transcript?

• Lower interest rates

• Improved productivity

• Higher taxes

• Increased fiscal spending