Jobless Claims Trend Up

States reported that 286,000 workers filed for new unemployment benefits during the week ending Jan. 15, an increase of 55,000 from last week’s revised level. New jobless claims had hovered around pre-pandemic levels for over a month, as employers avoided layoffs amid labor shortages. Economists believe that omicron-related disruptions are at least temporarily impeding the labor market’s recovery.
Source: New feed 2