U.S. Initial Jobless Claims Fall to 709K, CPI Unchanged

U.S. Initial Jobless Claims Fall to 709K, CPI Unchanged

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Business

University

Hard

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The video discusses the latest jobless claims, which are lower than expected, and the impact of COVID-19 on businesses and unemployment. It highlights concerns about long-term economic effects, as noted by Jay Powell, and provides an update on CPI data, which remained flat, contrary to expectations. The video also touches on the shift from regular unemployment to pandemic emergency unemployment.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concern does Jay Powell have regarding the economy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the CPI result for the month mentioned in the text?

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