RBC's Porcelli Sees a 'Two Handle' on Unemployment

The video discusses the current state of jobless claims, highlighting a solid job market despite slightly higher claims than estimated. It explores the surprising trend of increased labor force participation, which acts as a ceiling on wage growth. The discussion also covers the slow pace of pulling people into the workforce and the potential for a lower unemployment rate, possibly reaching a 2% handle by 2019. The video emphasizes the importance of a steady approach to labor market recovery.

How does the text describe the pace of job recovery compared to pre-crisis levels?

What is the predicted unemployment rate trend mentioned in the text?