Jobless claims up 23K in first week of January

[mystery-ak]

Jobless claims up 23K in first week of January
By Sylvan Lane - 01/13/22 08:56 AM EST

New weekly claims for jobless benefits jumped by 23,000 during the first full week of January, according to data released Thursday by the Labor Department.

In the week ending Jan. 8, seasonally adjusted initial claims for unemployment insurance rose to 230,000, up from the previous week’s revised level of 207,000. The four-week moving average of claims rose to 210,750, an increase of 6,250 from the previous week's unrevised average of 204,500.

While jobless claims remain near pre-pandemic levels, the sharp increase in applications comes amid concern about the potential economic impact of the omicron variant of COVID-19.

This developing report will be updated.

https://thehill.com/policy/finance/589537-jobless-claims-rose-by-23k-in-first-week-of-january

[libertybele]

Way to Go Brandon!!!

Jobless Claims Unexpectedly Rise

The number of Americans filing new claims for unemployment benefits unexpectedly rose in the first week of January amid raging COVID-19 infections, but remained at a level consistent with rapidly tightening labor market conditions.

Other data on Thursday suggested the worst of high inflation was probably behind. Producer prices recorded their smallest gain in 13 months in December as the cost of goods declined. The drop in goods prices was the first since April 2020..........

https://freebeacon.com/biden-administration/jobless-claims-unexpectedly-rise/