1.87 Million Americans File Jobless Claims Amid State Reopenings

The video discusses the impact of the pandemic on American jobs, noting that jobless claims have significantly increased compared to the Great Recession. Economists predict a 20% unemployment rate, with 8 million jobs lost in May. However, an ADP report suggests a smaller loss of 2.7 million jobs, though it may not account for furloughed employees. Over 42.6 million Americans have filed jobless claims in the past 11 weeks.

What significant milestone did the Labor Department's report on jobless claims achieve?

• Claims fell below 2,000,000 for the first time since early April.

• Claims reached the highest level since the Great Recession.

• Unemployment rate dropped to 10%.

• Jobless claims were lower than during the pandemic.

What unemployment rate are economists predicting in the upcoming monthly jobs report?

• 15%

• 25%

• 20%

• 10%

How many jobs did the ADP report claim were lost last month?

• 5,000,000

• 8,000,000

• 2.7 million

• 3.5 million

Why might the ADP numbers not be fully accurate?

• They are based on outdated data.

• They include part-time workers.

• They exclude furloughed employees.

• They overestimate job losses.

How many Americans have filed jobless claims over the past 11 weeks?

• 60 million

• 42.6 million

• 50 million

• 30 million