A Deep Dive Into U.S. Jobs, Wages, and Underemployment

The transcript discusses employment metrics, focusing on the U6 measure and job growth since 2010. It highlights the transition from a service-based economy to one where goods employment is rising. The discussion also covers wage growth, economic slack, and the impact of technology and aging on employment rates. The conversation includes insights from Charlie Evans on jobless rates and fiscal policy, and debates the structural versus cyclical nature of employment changes.

What sector has seen the majority of job growth since 2010?

• Construction

• Service

• Agriculture

• Manufacturing

According to Charlie Evans, what is the expected jobless rate by the end of 2019?

• 3%

• 4.25%

• 5%

• 6%

What factor is mentioned as boosting US growth according to the Federal Reserve Bank of Chicago?

• Fiscal policy

• Trade agreements

• Monetary policy

• Technological advancements

What is one reason given for the falling participation rate in the US labor market?

• Decreased retirement age

• Higher education levels

• Technological changes

• Increased immigration

What is the main argument against the idea that technology and aging are causing the US labor market issues?

• Aging population is not significant in the US

• Other countries with similar conditions have not experienced the same issues

• The US has a unique economic structure

• The US has more advanced technology