Weekly Jobless Claims Jump To 885,000

Weekly Jobless Claims Jump To 885,000

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Social Studies

University

Hard

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The transcript discusses the economic impact of COVID-19, highlighting rising unemployment and the lack of relief in the labor market. It mentions potential congressional relief efforts, including extending unemployment benefits and aiding small businesses. Federal Reserve Chairman Jerome Powell warns of tough months ahead but is optimistic about economic recovery due to promising vaccine developments.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the highest weekly total of unemployment claims mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the two elements mentioned that could relieve pressure on jobs?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What did Federal Reserve Chairman Jerome Powell warn about the economy in the next few months?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What promising developments did Powell mention regarding the vaccine?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is expected to happen to businesses in the second half of the next year according to the text?

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