Jobless Claims Unexpectedly Jump as Omicron Surge Takes Toll

  • by:
  • Source: Breitbart
  • 01/20/2022
President Joe Biden by The White House is licensed under U.S. Government Works
Jobless claims unexepectedly jumped last week, suggesting that omicron has begun hitting the labor market.

Initial filings for the week ended January 15 totaled 286,000, up from the previous week’s 231,000. Analysts surveyed by Econoday forecast claims would fall to 207,000.

The total was the highest since mid-October. Jobless claims have been on an uneven climb since falling to the lowest level in 50 years in early January.
 
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