Pimco's Kiesel Says U.S. Economy Is Running Hot

The transcript discusses the current state of the job market, highlighting the addition of 2.1 million private sector jobs over the past year and the highest wages in eight years. The economy is expected to grow at 2.5% with potential upside risks. Despite a declining unemployment rate, concerns are raised about the U6 measure of unemployment and the volatility in the labor market. The discussion also touches on wage trends, labor market constraints, and the impact of Fed tightening on future job growth.

What is the average number of private sector jobs added per month over the last year?

• 225,000

• 200,000

• 175,000

• 150,000

What is one indicator that labor is gaining pricing power?

• Decrease in consumer spending

• Increase in supplier delivery times

• Increase in unemployment rate

• Decrease in job openings

What is unusual about the current unemployment rate in relation to deficit spending?

• Unemployment rate is high while deficit spending is low

• Unemployment rate is low while deficit spending is increasing

• Both unemployment rate and deficit spending are decreasing

• Both unemployment rate and deficit spending are increasing

What has happened to the broad measure of unemployment recently?

• It has fluctuated wildly

• It has decreased

• It has remained stable

• It has increased

What is the impact of the Federal Reserve's actions on the labor market?

• It will increase job openings

• It will slow down the labor market

• It will accelerate job growth

• It will have no impact