U.S. Initial Jobless Claims Rise 10,000 to 244,000

The video discusses the latest data on initial jobless claims, highlighting a slight increase from previous figures but still at historically low levels. It also covers the Philly Fed business outlook, which showed a downside surprise with lower new orders and prices. The narrative around economic data is shifting, with survey data softening and expectations for hard data to improve. The discussion emphasizes the importance of understanding these trends in the context of economic forecasting.

What was the median estimate for initial jobless claims according to a Bloomberg survey?

• 250 thousand

• 244 thousand

• 240 thousand

• 234 thousand

In the Philly Fed business outlook, what was the expected median estimate?

• 30

• 32.8

• 25.5

• 22

Which of the following was NOT mentioned as coming in lower in the Philly Fed survey?

• Employment rates

• Prices received

• Prices paid

• New orders

What was the concern regarding the soft survey data?

• It was consistent with previous trends.

• It was outperforming hard data.

• It was rolling over instead of improving.

• It was expected to rise significantly.

What was the hope regarding the relationship between hard and soft data?

• Soft data would rise to match hard data.

• Both would remain unchanged.

• Soft data would decline further.

• Hard data would decline to match soft data.