U.S. Jobless Claims Surge to 853,000 Amid Covid Lockdowns

The video discusses the recent increase in jobless claims, highlighting a significant rise from the previous week. It also covers the current state of unemployment benefits, noting a decrease in the number of recipients. Additionally, the video examines inflation trends, with a slight increase in the Consumer Price Index (CPI) and core rate, and anticipates future inflation changes as the economy recovers from the pandemic.

What was the revised number of initial jobless claims reported last week?

• 853,000

• 712,000

• 137,000

• 716,000

How many people were receiving some kind of benefit two weeks ago?

• 137,000

• 853,000

• 19,043,000

• 712,000

By how much did the Consumer Price Index (CPI) increase this month?

• 1.2%

• 2/10 of a percent

• 1.6%

• No change

What is the current core rate of inflation?

• 2/10 of a percent

• 1.6%

• No change

• 1.2%

When is inflation expected to start rising significantly?

• Mid-2021

• End of 2020

• It is not expected to rise

• Beginning of 2021