More Than 2 Million Americans Filed for Unemployment Last Week

The video discusses the current state of jobless claims, highlighting a slight increase to 2.4 million and a significant rise in continuing claims to 25 million. It explains the revisions and adjustments made to these numbers and the impact of the Paycheck Protection Plan. The video also covers the pandemic unemployment assistance for gig workers, which saw a major increase. Finally, it touches on the Philadelphia Fed business outlook, which showed improvement over expectations.

What was the number of new jobless claims reported in the first section?

• 2.4 million

• 4.5 million

• 3.0 million

• 1.5 million

What is the significance of the 25 million figure mentioned in the first section?

• It is the number of claims revised from the previous week.

• It shows the number of claims filed by gig workers.

• It indicates the number of continuing claims.

• It represents the total number of new claims.

What factor might cause some people to go off the continuing claims list?

• A decrease in unemployment benefits

• A delay in processing claims

• Rehiring under the Paycheck Protection Plan

• An increase in new jobless claims

What is the purpose of the pandemic unemployment assistance mentioned in the final section?

• To reduce the number of new claims

• To offer insurance to gig workers

• To provide benefits to full-time employees

• To increase the Paycheck Protection Plan

How did the Philadelphia Fed business outlook compare to expectations?

• It was worse than expected.

• It was not mentioned.

• It matched expectations.

• It was better than expected.