Why Economists Got the April Jobs Report So Wrong

The video discusses the slowdown in job growth due to weather impacts, with a focus on the leisure and hospitality sectors. It examines unemployment rates, highlighting the impact of COVID-19 on the labor force. The discussion includes future economic outlooks, predicting recovery trends and challenges. Additionally, it covers inflation concerns and potential impacts on consumer prices.

What significant change occurred in the number of people unable to look for work due to COVID?

What are the expected CPI numbers for the second quarter, and why are they critical?