Initial claims for state unemployment benefits surged 55,000 to a seasonally adjusted 286,000 for the week ended Jan. 15, the highest level since mid-October, the Labor Department said on Thursday. The increase was the largest since last July. Claims have now risen for three straight weeks.
Claims rose 6,075 in California. But they plunged 14,011 in New York. There were also big drops in Missouri and Texas. The unemployment rate is at a 22-month low of 3.9%, a sign the labor market is at or close to maximum employment.
Context, the MEDIA won’t give. With OMICRON devastating the Nation, shortages everywhere due to the variant… this isn’t ROCKET 🚀 SCIENCE. IGNORE THE NEGATIVE MEDIA Biden
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