WASHINGTON, Jan 13 — The number of Americans filing new claims for unemployment benefits unexpectedly rose in the first week of January amid raging Covid-19 infections, but remained at a level consistent with rapidly tightening labour market conditions.
A surge in coronavirus cases, driven by the Omicron variant, has disrupted activity from airlines to schools as workers call in sick. Unadjusted claims jumped 103,693 to 419,446 last week. The government reported last Friday that the unemployment rate fell to a 22-month low of 3.9 per cent in December, an indication that the labour market is at or close to maximum employment. The workforce is about 2.2 million people smaller than before the pandemic.
Goods prices fell 0.4 per cent after advancing 1.1 per cent in the prior month. They were held down by decreases in wholesale food and energy prices. Excluding food and energy, goods prices rose 0.5 per cent after increasing 0.8 per cent in November.
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