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The U.S. economy is dynamic and difficult to read at any point in time. Currently, the labor market's low hiring rate and low layoff rate create a bifurcated experience for workers, depending on their employment status.

Youth unemployment is at 11% in the U.S., higher than the national average. This mirrors the Great Recession, where young people faced high unemployment rates due to lack of experience and skills.

Undocumented workers in the U.S. are the most flexible, profitable workforce in history. They take jobs domestic workers don't want, work hard, and don't rely on unemployment insurance or Social Security when jobs dry up.

The unemployment rate for college graduates is increasing, while those with only high school education are finding more jobs.

The U.S. labor market is currently characterized by a low hire, low fire environment. This means workers with jobs are secure, but new entrants or those unemployed face challenges finding employment.

China's youth unemployment rate is 20%, highlighting issues with college graduates not wanting factory jobs.

The difficulties facing young workers in the job market are a result of policy choices. We could regulate the job search process to protect job seekers, especially in the age of AI.

The unemployment rate is never going to describe how most Americans feel about the economy or how they feel in the labor market. So the more data we have, the more we learn and the more we can act on it.

Keeping a positive attitude and being fearless in pursuing opportunities can lead to personal and professional growth, even after setbacks like losing a job.

The U.S. needs to focus on high levels of automation to simplify jobs and ramp up a new workforce quickly.