What to Expect From the December U.S. Jobs Report

The transcript discusses the changing economic relationships, particularly focusing on the Phillips curve and its relevance in 2018. It explores the potential for wage pressures to influence inflation and the impact of rising commodity prices. The discussion highlights inflation as a lagging economic indicator, with predictions for its future behavior.

What is the anticipated unemployment rate mentioned in the discussion about the Phillips curve?

• 4.5%

• 5.0%

• 3.2%

• 3.8%

What is a major concern for companies facing difficulties in acquiring goods and workers?

• Lower wages

• Rising commodity prices

• Increased competition

• Decreasing demand

What factor is crucial in determining whether price increases will lead to an inflation spiral?

• Government policies

• Household income

• Interest rates

• Global trade

How long does inflation typically lag behind real economic growth?

• One year

• Two years

• Six months

• One and a half years

When are inflationary pressures expected to become noticeable according to the discussion?

• Early 2018

• 2019

• Mid 2018

• End of 2018