In this 13-minute discussion, Andrew Duguay, Prevedere’s Chief Economist, discusses a paradox of U.S economic recovery – how can we be in a situation where there are 8.5 million fewer Americans employed, yet the job market feels red hot?

Andrew answers this question by providing data, in addition to the unemployment rate, to get a market feel estimated rate. He then provides perspective on how businesses can interpret this information and illustrates comparisons to both recessions past and times of normalcy.

During the discussion, Andrew also provides an update on expected GDP growth, what he expects for consumer demand, and how that impacts wages and margins.