US Jobless Claims Fall to Lowest in Four Weeks

The video discusses recent economic data, including jobless claims, GDP revisions, and personal consumption. Jobless claims were lower than forecasted, indicating a strong labor market. GDP was revised down from 2.9% to 2.7%, with personal consumption also lower than expected. The PCE price index rose to 4.3%, suggesting higher inflation than initially thought.

What was the actual number of jobless claims reported, and how did it compare to the forecast?

• 195,000 claims, lower than the forecast

• 194,000 claims, higher than the forecast

• 200,000 claims, matching the forecast

• 192,000 claims, lower than the forecast of 200,000

How did the GDP revision change from the original release?

• Decreased from 2.9% to 2.7%

• Increased from 2.7% to 2.9%

• Remained at 2.9%

• Increased from 2.5% to 2.7%

What was the change in the quarterly PCE price index from the initial release?

• Increased from 4.0% to 4.3%

• Remained at 4.3%

• Decreased from 4.3% to 3.9%

• Increased from 3.9% to 4.3%

What trend was observed in continuing jobless claims?

• Increased from one million 654 to one million 691

• Decreased from one million 691 to one million 654

• Remained at one million 691

• Increased from one million 600 to one million 654

What did the Fed note about the labor market?

• It is weakening

• It remains strong

• It is declining

• It is unpredictable