Weekly Jobless Claims Surge Alongside New COVID-19 Cases

The video discusses the impact of new COVID-19 cases on the economy, highlighting a rise in jobless claims due to new restrictions. It notes the pandemic's deadly toll and the ongoing negotiations in Congress over unemployment benefits, with limited time to reach a deal before benefits expire.

What was the increase in jobless claims from the previous week?

• 100 thousand

• 137 thousand

• 50 thousand

• 200 thousand

What coincided with the spike in jobless claims?

• Increase in stock market

• New business openings

• Decrease in COVID cases

• New restrictions on businesses

How many deaths were recorded on the deadliest day of the pandemic in the US?

• 4000

• 1500

• 3100

• 2000

What is the main concern regarding the proposal pitched by Treasury Secretary Steven Mnuchin?

• Cutting unemployment benefits significantly

• Increasing taxes

• Reducing healthcare funding

• Raising interest rates

What is the urgency for Congress in terms of unemployment benefits?

• They have a few months to decide

• They have a few weeks before benefits run out

• They have already decided

• There is no urgency