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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.

Young workers should not give up despite high unemployment rates. They have a long time to recover, unlike older workers who may never work again if they lose their jobs.

The U.S. faces a skilled labor replacement problem, with most highly skilled manufacturing workers being around 62 years old.

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.

There is a skilled labor replacement problem in U.S. manufacturing, with many highly skilled workers nearing retirement age.

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.

Economic opportunities in the digital economy are crucial for young people, especially those from underrepresented communities, to participate in technology innovation.