U.S. Jobless Claims Rose to 286,000 Last Week

Posted on AllSides January 20th, 2022
From The Center
Economy and Jobs, unemployment

Filings for jobless claims rose sharply from near the lowest levels on record, as workers and businesses contend with Omicron-related disruptions in a tight labor market.

Initial claims for unemployment benefits, a proxy for layoffs, rose to 286,000 during the week that ended on Jan. 15, following an increase for the week ended Jan. 8, the Labor Department said Thursday. The four-week average, which smooths out volatility, was 231,000, an increase of 20,000 from last week’s average.

Initial jobless claims, weeklySource: U.S. Employment and Training​Administration via St. Louis FedNote: Seasonally adjusted.


Read full story
Some content from this outlet may be limited or behind a paywall.

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right