U.S. Initial Jobless Claims Fall Slightly to 793K

The video discusses recent unemployment data, highlighting an increase to 793,000 claims, contrary to expectations of a decrease. The pandemic's impact on employment is evident, with figures still above the Great Financial Crisis peak. Revised numbers show further increases, indicating a slow recovery. Jay Powell's comments on economic policy suggest allowing the economy to 'run hot' to reduce unemployment.

How does the current labor market compare to the high from the great financial crisis?

What did Jay Powell say about the economy's performance?