US Jobless Claims Fall to Eight-Month Low of 201,000

The video discusses the recent jobless claims, highlighting a low number of 201,000 claims filed last week, indicating companies are retaining workers. Continuing claims also dropped significantly. The Philadelphia Fed business outlook shows a decline in business conditions. The United Auto Workers strike, which began last Friday, is expected to distort future jobless claims data, as laid-off workers due to plant shutdowns may file claims. The current numbers may be the last accurate read for a while.

What was the Philadelphia Fed business outlook number reported?

What can be expected in the jobless claims numbers for the next week?