US Weekly Jobless Claims Hit Highest Since January

The video discusses recent economic indicators, focusing on unemployment claims and the Philadelphia Fed Manufacturing index. Initial unemployment claims were at 203,000, with a revised number pending. The Philadelphia Fed index showed a significant drop to 2.6 from 17.6, indicating a slowdown, although new orders rose. Prices paid fell, showing mixed signals from the manufacturing sector. Jobless claims increased slightly but remained within a stable range, suggesting a potential slowdown in hiring but not a collapse in the labor market.

What was the number of first-time unemployment claims reported last week?

• 250,000

• 300,000

• 203,000

• 150,000

How did the Philadelphia Fed Manufacturing index change from April to the current report?

• It increased from 2.6 to 17.6

• It decreased from 17.6 to 2.6

• It remained the same at 17.6

• It increased from 17.6 to 20.6

What trend was observed in new orders according to the Philadelphia Fed index?

• New orders decreased

• New orders were not reported

• New orders remained unchanged

• New orders increased

What was the change in the 'prices paid' component of the Philadelphia Fed index?

• Increased from 78.9 to 84.6

• Decreased from 84.6 to 78.9

• Remained constant at 84.6

• Increased from 84.6 to 90.0

What does the slight increase in jobless claims suggest about the labor market?

• Hiring is slowing down

• Hiring is accelerating

• The labor market is collapsing

• The labor market is unaffected