Unemployment Claims Soar With 965,000 Jobless Claims Filed Last Week

The video discusses the impact of the pandemic on the labor market, highlighting a surge in unemployment claims to 965,000, the highest since late August. Pre-pandemic figures were around 225,000 but have remained above 700,000 since September. The increase in layoffs is linked to a recent surge in COVID-19 deaths, with over 3,900 reported on a single day.

What is the current trend in the labor market as discussed in the video?

• Unemployment claims are unpredictable.

• Unemployment claims are stable.

• Unemployment claims are decreasing.

• Unemployment claims are increasing.

How many people sought jobless aid last week, marking the highest since late August?

• 3900

• 700 thousand

• 965 thousand

• 225 thousand

What was the typical number of unemployment claims before the pandemic?

• 965 thousand

• 3900

• 700 thousand

• 225 thousand

Since when have unemployment claims been stuck above 700,000?

• Since August

• Since September

• Since October

• Since November

What recent event coincides with the increase in layoffs?

• A rise in new job opportunities

• A surge in COVID-19 deaths

• A decrease in COVID-19 cases

• A drop in unemployment benefits