U.S. Is on the Cusp of Seeing Wage Growth: Zentner

The video discusses job forecasting, highlighting the consistency in job growth and the convergence of moving averages. It debates wage growth in America, noting early signs of improvement and the potential impact of tighter labor markets. The concept of labor market utilization is explored, emphasizing the role of shadow labor. The discussion shifts to the implications of wage growth on consumer spending, predicting a more balanced consumer market. Finally, the video critiques the use of consensus and whisper numbers in job reports, suggesting that low two hundred thousand is a reasonable expectation.

What does the speaker suggest about the future of consumer spending?

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What are the implications of the whisper numbers discussed in the text?

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