U.S. Economy Gaining Footing on Better Data, Pimco’s Wilding Says

The video discusses the U.S. economic growth, highlighting a strong job report with 266,000 jobs added, partly due to GM workers returning from a strike. It contrasts this with Canada's negative job growth and the impact on the Canadian dollar. The discussion shifts to the potential for a U.S. recession in 2020, noting elevated probabilities due to trade policy uncertainties. Inflation and wage growth are also analyzed, with nominal wage gains not accelerating as expected, partly due to productivity declines and labor bargaining power issues.

What was a significant factor in the addition of 266,000 jobs in the U.S.?

• An increase in manufacturing jobs

• GM workers returning from a strike

• A rise in consumer spending

• A new government policy

What was the economic situation in Canada in November?

• Positive job growth

• Increase in exports

• Negative job growth

• Stable job market

What is the probability of a U.S. recession in any given year, according to historical data?

• 5%

• 10%

• 15%

• 20%

What has been a significant factor in dampening nominal wages?

• High inflation rates

• Secular declines in productivity growth

• Increased consumer demand

• Government intervention

What is one reason for the moderate inflationary forces in the U.S. economy?

• Secular declines in productivity growth

• Increased foreign investment

• Strong labor bargaining power

• High consumer spending