U.S. Jobless Claims Top 5.2 Million To Hold Near Record Highs

The video discusses the significant rise in jobless claims, totaling over 21 million in four weeks, and the impact on housing data. It highlights the challenges faced by gig workers in accessing unemployment benefits due to outdated state systems. The economic impact is severe, with job losses nearly wiping out gains since the 2010 financial crisis. Revised jobless numbers and a sharp decline in housing starts further illustrate the crisis's impact.

What is the approximate total number of jobless claims filed over the last four weeks?

• 15 million

• 30 million

• 25 million

• 21 million

What is one of the main reasons gig workers are struggling to receive unemployment benefits?

• Lack of awareness about benefits

• States need to update their software

• Insufficient funds in the system

• High competition for benefits

How many jobs were created since the great financial crisis that have now been lost?

• 15 million

• 18 million

• 25 million

• 22 million

By what percentage have housing starts decreased?

• 30%

• 22%

• 15%

• 10%

What metaphor is used to describe the sudden economic slowdown?

• A slow river

• A gentle breeze

• A brick wall

• A steep hill