Jobless claims fall to near pre-pandemic lows in good sign for recovery

Posted on AllSides February 10th, 2022
From The Right

The number of new applications for unemployment benefits fell by 16,000 last week to 223,000, more good news after a surprisingly strong January jobs report.

The numbers reported Thursday morning by the Labor Department are an encouraging sign for the country’s job growth. Weekly jobless claims are seen as a proxy for layoffs and have been watched closely in recent weeks for indications about how the omicron variant of COVID-19 has been affecting the labor market. They're now back near where they were before the pandemic, when labor markets were tight.

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