Weekly Jobless Claims Come In Lower Than Expected At 881,000

The transcript discusses the Labor Department's new method for seasonally adjusting weekly job figures, which may have led to lower reported numbers. Despite this, the report was better than expected. Florida showed the largest decrease in claims, followed by other states. Economists expect 1,000,000 jobs to be added, but ADP projects a smaller increase of 428,000 jobs.

What is the reason for the Labor Department's new method of adjusting weekly job figures?

• To account for disruptions specific to the COVID economy

• To increase the number of reported layoffs

• To decrease the number of reported job gains

• To align with international standards

Which state showed the largest decrease in job claims according to the latest report?

• New Jersey

• Florida

• Texas

• Virginia

Which of the following states was NOT mentioned as having a decrease in job claims?

• North Carolina

• Virginia

• New Jersey

• California

What is the expected number of jobs to be added according to Wall Street economists?

• 1,500,000

• 750,000

• 500,000

• 1,000,000

How does ADP's job addition estimate compare to Wall Street's expectation?

• ADP does not provide an estimate

• ADP's estimate is the same as Wall Street's

• ADP estimates fewer jobs will be added

• ADP estimates more jobs will be added