Economic Buzz: US Jobless Claims Edge Higher

14 Jan 2022 , 08:59 AM

The US initial jobless claims rose to 230,000, an increase of 23,000 from the previous weeks unrevised level of 207,000. The claims reached their highest level since hitting 270,000 in the week ended November 13th. The Labor Department said the less volatile four-week moving average also crept up to 210,750, an increase of 6,250 from the previous weeks unrevised average of 204,500. Meanwhile, the report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, tumbled by 194,000 to 1.559 million in the week ended January 1st.

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