Jobless Claims Rise As Labor Market Loses Momentum

The labor force is experiencing increased difficulties, with 853,000 Americans filing for unemployment benefits for the first time last week, a figure significantly higher than anticipated. This marks the highest weekly total since mid-September. Additionally, millions face the expiration of their benefits at the month's end unless Congress intervenes with a new COVID relief package.

What recent trend is affecting the labor force?

• Higher wages

• Decreased unemployment rates

• More people applying for unemployment benefits

• Increased job opportunities

How many Americans applied for unemployment benefits for the first time last week?

• 750 thousand

• 1 million

• 853 thousand

• 900 thousand

How does the recent number of unemployment applications compare to expectations?

• It was lower than expected

• It met expectations

• It was around 100,000 higher than expected

• It was 50,000 higher than expected

What is the consequence if Congress does not act by the end of the month?

• Unemployment rates will decrease

• New jobs will be created

• Millions will lose their benefits

• Benefits will be extended automatically

What is Congress expected to resolve to prevent the expiration of benefits?

• A new education policy

• A new healthcare plan

• A tax reform

• Another round of COVID relief