U.S. Initial Jobless Claims Fall to 709K, CPI Unchanged

The video discusses the latest jobless claims, which are lower than expected, and the impact of COVID-19 on businesses and unemployment. It highlights concerns about long-term economic effects, as noted by Jay Powell, and provides an update on CPI data, which remained flat, contrary to expectations. The video also touches on the shift from regular unemployment to pandemic emergency unemployment.

What was the change in initial jobless claims compared to the previous week?

• Increased by 48,000

• Decreased by 48,000

• Increased by 7,000

• Remained the same

What is the current number of people receiving some form of unemployment benefits as of October 24th?

• 4,000,000

• 757,000

• 21,157,000

• 700,000

What is the current number of people on pandemic emergency unemployment?

• 700,000

• 757,000

• 4,000,000

• 21,157,000

What was the unexpected result of the Consumer Price Index (CPI) for the month?

• It remained flat

• It increased by 1.2%

• It decreased by 1.2%

• It increased by 0.8%

Which sector experienced the largest drop in the Consumer Price Index?

• Medical care commodities

• Transportation

• Food and beverages

• Housing