Search

Unemployment Claims at 3-Month High in The US.


New York, Thursday, 20 January 2022 -


In the week ending January 15th, the number of Americans filing new jobless claims increased by 55 thousand from the previous week, to 286 thousand, the highest level since mid-October and well over market estimates of 220 thousand.


It was also the highest weekly spike in claims since mid-July, as a surge of COVID-19 cases caused by the Omicron variant disrupted business and businesses struggled to keep workers despite record job quit rates.


Initial claims fell by 83 thousand to 337 thousand on a non-seasonally adjusted basis, with noteworthy drops in New York (-14.0 thousand), Missouri (-7.5 thousand), and Texas (-7.5 thousand) (-6.1 thousand).


Source: U.S. Department of Labor


(Edited by: The Decision Maker)