U.S. Initial Jobless Claims Surge to 885,000

The video discusses recent economic indicators, highlighting a rise in unemployment claims to 885,000, suggesting a slowing economy. Housing starts increased by 1.2%, indicating a strong housing market. However, the Philadelphia Fed index dropped significantly, with employment numbers falling from 27.2 to 8.5, signaling potential economic challenges.

What was the increase in unemployment numbers from the previous count?

• From 853,000 to 885,000

• From 700,000 to 750,000

• From 800,000 to 850,000

• From 900,000 to 950,000

What does the Government Accounting Office suggest about the unemployment numbers?

• They are completely accurate

• They might be slightly off

• They are always underestimated

• They are overestimated by a large margin

How did the housing starts change in the recent report?

• They increased by 17,000

• They remained the same

• They increased by 50,000

• They decreased by 10,000

What was the Philadelphia Fed index value in the latest report?

• 30.5

• 20.0

• 11.1

• 26.3

What was the employment number in the Philadelphia Fed report?

• 20.0

• 27.2

• 15.0

• 8.5