U.S. Economy Gaining Footing on Better Data, Pimco’s Wilding Says

The video discusses the U.S. economic growth, highlighting a strong job report with 266,000 jobs added, partly due to GM workers returning from a strike. It contrasts this with Canada's negative job growth and the impact on the Canadian dollar. The discussion shifts to the potential for a U.S. recession in 2020, noting elevated probabilities due to trade policy uncertainties. Inflation and wage growth are also analyzed, with nominal wage gains not accelerating as expected, partly due to productivity declines and labor bargaining power issues.

What were the key highlights of the jobs report mentioned in the text?

How did the job growth in the U.S. compare to that in Canada according to the discussion?

What factors were mentioned that could potentially lead to a recession in the U.S. in 2020?

What observations were made regarding inflation and wage growth in the U.S. economy?

What role does labor bargaining power play in wage growth according to the text?