Bringing Some Mad Stats to U.S. Jobs Analysis

The video discusses the impact of the Verizon strike on job statistics, highlighting the predictability of job growth at 200,000 jobs per month. It examines the increase in average hours worked without corresponding job creation, leading to concerns about job quality and economic growth. The discussion shifts to wage growth, labor market differentiation, and the emergence of a two-tier labor market. Finally, the video explores the relationship between rising wages and inflation, emphasizing the need for wage increases to drive inflation.

What does the speaker suggest about the predictability of job growth based on past performance?

How has the average hours worked changed since before the recession according to the speaker?

What concerns does the speaker raise about the quality of jobs being created?

What does the speaker imply about the labor market's differentiation?

What is the relationship between wage growth and inflation as discussed in the text?