Omicron pushes jobless claims to three-month high

By Raeedah Wahid
Published 2 Min Read

Applications for U.S. state unemployment insurance surged last week to a three-month high, suggesting that the omicron variant is having a bigger impact on the labor market.

Initial unemployment claims increased by 55,000 to 286,000 in the week ended Jan. 15, Labor Department data showed Thursday. The figure exceeded all estimates in a Bloomberg survey of economists. The report reflects the reference week for January employment data due early next month.

Raeedah Wahid
From Bloomberg News

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