U.S. Jobless Claims Fall as Vaccinations Accelerate

The transcript discusses the ongoing impact of the pandemic on jobless claims, noting a slight decrease in claims but still high numbers compared to historical data. It highlights the 51st consecutive week of claims exceeding the previous record from 1982. The discussion also touches on the reliability of the data due to potential fraud and double counting, emphasizing the negative implications for the economy. The four-week total of claims has risen again, indicating persistent economic challenges.

What was the jobless claims figure reported last week, and how did it compare to the forecast?

• 725,000, which was higher than the forecast of 712,000

• 725,000, which was lower than the forecast of 712,000

• 712,000, which was lower than the forecast of 725,000

• 712,000, which was higher than the forecast of 725,000

In which year was the previous record high for jobless claims set before the current pandemic?

• 1990

• 1975

• 1982

• 2001

What trend is observed in the jobless claims data over the weeks leading to middle January?

• A significant increase

• A modest decline

• A modest trend of grimness

• A stable pattern

What issue complicates the accuracy of the jobless claims data?

• Seasonal adjustments

• Double counting and fraud

• Lack of data from certain states

• Inconsistent reporting

What was the total number of claims in the week of February 13th?

• 22 million

• 20 million

• 15 million

• 18 million