U.S. Jobless Claims Unexpectedly Rise for Second Straight Week

The video discusses recent economic data, including jobless claims, the Philadelphia Fed business outlook, and import prices. It highlights the challenges faced by the service industry and the labor market, the impact of fiscal stimulus on consumer spending, and GDP projections amid economic recovery efforts. The discussion also touches on the effects of vaccination on economic activity and the potential for service industries to reopen.

What was the revised jobless claims number for last week?

• 861,000

• 848,000

• 800,000

• 900,000

Which index rose to 25.3 from 22.5, indicating some positive news in the job market?

• Import Prices Index

• Consumer Confidence Index

• Employment Index

• Philadelphia Fed Business Outlook

Why might there be a significant drop in jobless claims next week?

• Decrease in import prices

• Increase in fiscal stimulus

• Weather conditions preventing filings

• Improvement in the service industry

What was a major factor in the counterintuitive rise in disposable incomes despite high unemployment?

• Increase in retail sales

• Rise in petroleum prices

• Fiscal stimulus efforts

• Decrease in import prices

What is the reason given for not taking the Atlanta Fed's GDP number literally?

• It ignores the impact of vaccinations

• It does not account for fiscal stimulus

• It is a snapshot in time

• It is based on outdated data