U.S. Jobless Claims Rose to 286,000 Last Week

Jobless claims rose sharply last week to 286,000. The labor market, a source of economic growth, faces headwinds as Omicron cases remain high.

Economic Performance/Indicators, Employment/Unemployment Figures

1/20/2022 4:32:00 PM

Jobless claims rose sharply last week to 286,000. The labor market, a source of economic growth, faces headwinds as Omicron cases remain high.

Jobless claims rose sharply last week to 286,000. The labor market, a source of economic growth, faces headwinds as Omicron cases remain high.

Updated Jan. 20, 2022 8:43 am ETFilings for jobless claims rose sharply from near the lowest levels on record, as workers and businesses contend with Omicron-related disruptions in a tight labor market.Initial claims for unemployment benefits, a proxy for layoffs,

during the week that ended on Jan. 15, following an increase for the week ended Jan. 8, the Labor Department said Thursday. The four-week average, which smooths out volatility, was 231,000, an increase of 20,000 from last week’s average.

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They say to stop comparing what's going on to Germany in the 1930's, well too effing bad because it's no different. The only thing that's changed are the excuses and names of those leading the attacks. Dur Sturmer and The Star, articles are almost 84 year apart. Inflation and stagnating economy=stagflation. Fed must hike rates. Biden could ease the problem by reverting to Trump energy policies and stop with excessive spending. But Biden Admin won’t do it. Get ready for a bumpy economy ride.

Will this be part of Tom Hanks' script........................ Maybe companies getting rid of holiday seasonal workers. No? Don't worry Marty Walsh is all over it 🙄

US jobless claims rise to 286,000, highest since OctoberWASHINGTON (AP) — The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the job market. Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.

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@Rubinations Updated Jan. 20, 2022 8:43 am ET Filings for jobless claims rose sharply from near the lowest levels on record, as workers and businesses contend with Omicron-related disruptions in a tight labor market. Initial claims for unemployment benefits, a proxy for layoffs, during the week that ended on Jan. 15, following an increase for the week ended Jan. 8, the Labor Department said Thursday. The four-week average, which smooths out volatility, was 231,000, an increase of 20,000 from last week’s average. To Read the Full Story