U.S. Weekly Jobless Claims Fall For First Time In A Month

The video discusses the latest unemployment claims, with 260,000 new claims and 1.6 million continuing claims. The Federal Reserve is considering raising interest rates, as there are more job openings than unemployed people. Fed Chair Jerome Powell believes the labor market is strong, though inflation is a concern. The upcoming jobs report may reveal the impact of the Omicron variant on the labor market, and economists are closely monitoring these developments.

What was the number of new jobless claims filed in the U.S. last week?

• 1.6 million

• 2 million

• 500,000

• 260,000

According to Jerome Powell, what is the current state of the labor market?

• Declining rapidly

• Uncertain and volatile

• Strong and resilient

• Weak and struggling

What economic challenge did Jerome Powell acknowledge as more problematic than expected?

• Trade deficits

• Interest rates

• Inflation

• Unemployment

What upcoming report might reveal the impact of the Omicron variant on the labor market?

• Quarterly GDP report

• Monthly jobs report

• Weekly unemployment claims

• Annual inflation report

What is expected to be a focus for economists in the coming months?

• Housing market

• Stock market trends

• Trade agreements

• Labor reports