Evercore’s Hyman Sees 3.5% U.S. Jobless Rate

The video discusses the surprising forecast of a 3.5% unemployment rate, driven by job creation in sectors like healthcare, tech, and education. It highlights the role of unemployment claims in predicting this trend and the organic growth of local economies, fueled by millennials. The video also explores the challenges facing the global financial services industry, particularly in major hubs like New York, London, Hong Kong, and Dubai.

What is the predicted unemployment rate for next year according to the transcript?

• 3.5%

• 4.5%

• 5.0%

• 2.5%

Which sectors are identified as areas of job creation?

• Retail and Hospitality

• Healthcare and Higher Education

• Manufacturing and Agriculture

• Construction and Real Estate

What is driving the energy in local economies according to the transcript?

• Technological advancements

• Government policies

• Millennials

• Foreign investments

What is the nature of the expansion mentioned in the transcript?

• Investment-based

• Self-feeding

• Corporate-driven

• Government-led

What is the outlook for the financial services industry in major global hubs?

• Declining rapidly

• Challenging and uncertain

• Stable and unchanging

• Optimistic and growing