What Summers Wants to See in the Jobs Report

Larry Summers discusses the implications of upcoming job numbers. He hopes for increased labor force participation and moderate wage growth to indicate economic recovery. Concerns include potential recession if employment falls, stagnant labor force participation, and wage spikes leading to prolonged inflation control by the Fed.

What might indicate that the economy is moving towards a recession?

What would be a sign that the Federal Reserve might need to maintain tight monetary policy?