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 role do millennials play in driving local economies according to the text?

What challenges does the financial services industry face as mentioned in the text?