U.S. Jobless Claims Decline to Lowest Level of Pandemic

U.S. Jobless Claims Decline to Lowest Level of Pandemic

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses a decrease in jobless claims for the week ending August 1st, with continuing claims also lower than expected. Pandemic assistance numbers for self-employed individuals and contractors have significantly dropped. However, the total number of people receiving benefits has increased, reflecting data from two weeks prior. The video suggests potential improvements in the labor market by the end of July, which may not yet be visible in the current payrolls report.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the actual number of continuing jobless claims for the week ending August 1st?

16,107,000

17,000,000

16,900,000

18,000,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much did the pandemic assistance numbers drop for the self-employed and contractors?

From 908,000 to 655,707

From 1,000,000 to 700,000

From 950,000 to 700,000

From 800,000 to 600,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the total number of people receiving benefits two weeks prior to the report?

29,500,000

31,300,800

30,800,000

32,000,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What time period does the jobs report mentioned in the final section cover?

Week of July 12th

Week of August 12th

Week of August 1st

Week of July 1st

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential impact of the labor market improvement by the end of July?

It will have no impact on future job reports.

It may lead to positive news in future job reports.

It will definitely result in higher unemployment rates.

It will cause a decrease in jobless claims.