Employment Falls Short of Pre-Recession Level: Lazear

The video discusses employment levels before and after the recession, highlighting the need for job growth to match population increases. It explores structural changes in the economy, such as shifts in manufacturing and labor force participation, and their impact on job recovery. The video also examines factors affecting wage growth, the rise in part-time work potentially linked to Obamacare, and the role of trade in economic improvement.

What is the significance of the unemployment rate mentioned in the discussion?

What is the estimated number of jobs needed to return to pre-recession employment levels?

How does the current employment to population ratio compare to pre-recession levels?

What demographic changes are affecting labor force participation rates?

What are the structural changes in the economy that are impacting wage growth?

How does the anticipated employer mandate under Obamacare relate to part-time employment?

What is the potential impact of trade agreements on the economy as discussed?