Jobless Claims Down 24,000; Economy Grew At 6.5% Last Quarter

The Commerce Department reports a 6.5% annual growth rate in the economy, indicating a recovery from the pandemic recession. Fewer Americans are collecting unemployment benefits, with new jobless claims falling to 400,000 last week. Although this is lower than the peak in January, it remains higher than pre-COVID levels.

What was the reported annual growth rate of the economy last quarter?

• 6.5%

• 7.5%

• 5.5%

• 4.5%

What does the reported economic growth suggest about the recovery from the pandemic recession?

• A stagnant economy

• An increase in unemployment

• A sustained recovery

• A decline in economic activity

What trend is observed in the number of Americans collecting unemployment benefits weekly?

• A decrease

• No change

• Fluctuating numbers

• An increase

To what number did new jobless claims fall last week?

• 450,000

• 350,000

• 300,000

• 400,000

How do the current jobless claims compare to pre-COVID numbers?

• They are lower

• They are higher

• They are unpredictable

• They are the same