Jobless Claims Unexpectedly Rise for Second Straight Week

The video discusses various economic data points, including jobless claims, trade deficits, and GDP statistics. It highlights the increase in jobless claims, the trade deficit's impact on growth, and the durable goods orders. The discussion also covers GDP revisions and the challenges of economic recovery amid rising COVID cases. The importance of jobless claims is emphasized due to its impact on consumption, a major economic driver.

What was the reported number of new initial jobless claims?

• 778,000

• 742,000

• 800,000

• 700,000

How did durable goods orders perform compared to expectations?

• They exceeded expectations

• They matched expectations

• They were not reported

• They were lower than expected

What was the GDP growth rate for the fourth quarter as per the Atlanta Fed's initial estimate?

• 2%

• 3%

• 5%

• 7%

What is a major concern for the economy according to the transcript?

• Rising inflation

• Increasing jobless claims

• Decreasing exports

• Falling stock market

What is a potential issue for companies during the COVID-19 pandemic?

• Overstaffing

• Excessive profits

• Lack of demand

• Inability to reopen