JPM's Glassman: True U.S. Jobless Rate Around 6.5%

The video discusses employment trends in America since 1947, highlighting the hidden unemployment and demographic impacts on the job market. It analyzes underemployment and the true unemployment rate, considering the effects of automation and the 4th industrial revolution on job opportunities. The discussion also covers the concept of full employment, its impact on wage growth, and the Federal Reserve's role in achieving economic stability.

What demographic changes are affecting the unemployment rate in America?

How does the speaker perceive the true unemployment rate compared to the official rate?

What are the potential impacts of automation and AI on job opportunities?

What role does the Federal Reserve play in achieving full employment?

What is the relationship between full employment and wage growth according to the speaker?