US Economy: 2Q Spending Slumps, GDP Unrevised at 2.1%

The video discusses recent economic data, focusing on GDP, personal consumption, and jobless claims. GDP remains unchanged, while personal consumption is revised down. The jobless claims show a slight increase, with no significant impact from auto worker strikes. The labor market remains tight despite these changes.

What was the revised figure for personal consumption?

• 3.5%

• 1.7%

• 8 tenths of 8%

• 2.1%

What was the initial jobless claims number reported?

• 200,000

• 202,000

• 204,000

• 206,000

Why might auto workers not appear on unemployment rolls during a strike?

• They receive strike pay.

• They are counted under a different category.

• They are not eligible for unemployment benefits.

• They are automatically rehired.

What was the reported number for continuing jobless claims?

• 1,700,000

• 1,650,000

• 1,600,000

• 1,670,000

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

• It is unpredictable.

• It is expanding rapidly.

• It remains tight.

• It is weakening.