Jobless Claims Inch Up to 207,000, Suggesting Omicron Hasn't Hurt Demand for Workers

Jobless Claims Inch Up to 207,000, Suggesting Omicron Hasn't Hurt Demand for Workers


Initial claims for unemployment insurance ticked up in the final week of 2021 but remained low enough to suggest the end-of-year surge in new coronavirus cases has not diminished employers’ desire to keep workers on payrolls.

Jobless claims rose 207,000 for the week ended January 1, an increase of 7,000 from the previous week. Economists had predicted a decline to 195,000.

New infections rose rapidly that week, hitting 585,055 on December 30. And that official case count likely understates the real level of infections because many people do not get tested if they are exhibiting only mild symptoms and positive at-home tests do not get counted.

The wave of infections has not yet shown any signs of diminishing employer demand for labor. It

Trending: Vaccine mandates around the world collapse after U.S. Supreme Court decision

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend