U.S. Jobless Claims Fall, GDP Shows Economic Resurgence

The video discusses recent jobless claims, noting a slight increase to 553,000, and the potential for revisions. It highlights GDP figures, which came in at 6.4% for the first quarter, slightly below the forecast of 6.7%. Personal consumption showed a significant rise, attributed to stimulus checks, while the GDP price index doubled from the previous quarter. The video concludes with a note on upcoming inflation data.

What was the revised number of jobless claims reported?

• 500,000

• 547,000

• 566,000

• 553,000

What was the GDP growth rate for the first quarter?

• 7.0%

• 5.9%

• 6.4%

• 6.7%

What was the forecasted GDP growth rate for the first quarter?

• 6.4%

• 6.7%

• 6.0%

• 7.1%

What was the percentage increase in personal consumption in the last quarter?

• 2.3%

• 6.4%

• 4.1%

• 10.7%

How does the GDP price index for the current quarter compare to the previous one?

• It is half

• It is the same

• It is double

• It is triple