U.S. Jobless Claims Unexpectedly Rise for Second Straight Week

The video discusses recent economic data, including jobless claims, the Philadelphia Fed business outlook, and import prices. It highlights the challenges faced by the service industry and the labor market, the impact of fiscal stimulus on consumer spending, and GDP projections amid economic recovery efforts. The discussion also touches on the effects of vaccination on economic activity and the potential for service industries to reopen.

What concerns were raised about the labor force in the text?

What was the sentiment regarding the Fed's actions in response to the current economic situation?