Bill Gross Counsels Caution Amid 'Good' Jobs Report

The transcript discusses a positive report on consumer growth, highlighting increased work week hours and earnings. However, caution is advised due to structural changes like high debt and technology's impact on jobs. The economy is in a slow growth mode, affecting market earnings. For accurate forecasts, real growth should be prioritized over employment metrics.

What has been the average GDP growth rate mentioned in the text?

What does the speaker suggest markets should focus on for accurate forecasts?