U.S. Jobless Claims Fall, Signaling Gradual Improvement

The video discusses recent changes in unemployment claims, highlighting both seasonally and non-seasonally adjusted numbers. It addresses the pandemic unemployment assistance program, noting potential issues with data accuracy and fraud. The housing market is also covered, with a focus on declining housing starts and historically low mortgage rates. Finally, the video examines economic projections, emphasizing a slow labor market recovery according to the Federal Reserve.

What was the decline in non-seasonally adjusted unemployment claims?

• 76,000

• 33,000

• 98,000

• 210,000

What is one reason the unemployment data might not reflect reality?

• Inaccurate seasonal adjustments

• Labor Day inclusion

• Fraud in housing data

• Incorrect mortgage rates

What was the annual rate of housing starts mentioned?

• 1,416,000

• 1,470,000

• 2,860,000

• 3,500,000

What was the lowest mortgage rate recorded according to Freddie Mac?

• 3.5%

• 4.0%

• 2.86%

• 2.5%

According to the Federal Reserve, when is the unemployment rate expected to return to pre-pandemic levels?

• End of 2024

• End of 2021

• End of 2022

• End of 2023