The Generations Still on the Sidelines of the U.S. Jobs Recovery

The video discusses the significant impact of COVID-19 on the labor market, highlighting the rise in unemployment and challenges faced by small businesses. It examines the decline in labor force participation, particularly among Gen Z and older workers, and explores the reasons behind the Great Resignation and anti-work movement. The video also addresses the early retirement trend among older workers due to health concerns and financial factors.

What was the peak unemployment rate during the COVID-19 pandemic?

• 10%

• 14%

• 18%

• 20%

Which age group has seen a significant increase in labor participation due to the tight labor market?

• 16 to 17 year olds

• 20 to 24 year olds

• 65 to 74 year olds

• 18 to 19 year olds

What is one reason for the low participation rate among Gen Z?

• Increased retirement savings

• High educational costs

• Great resignation and anti-work movement

• Lack of job opportunities

Why have some older workers decided to retire earlier than planned?

• Health and safety concerns from COVID-19

• Increased job opportunities

• Higher educational costs

• Desire to travel

What might entice some retired workers to return to the workforce?

• Lack of job opportunities

• Job market boom and inflation

• Desire to travel

• Higher educational costs