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Economic Buzz: US Weekly Jobless Claims At 3-Month High

21 Jan 2022 , 08:26 AM

US weekly jobless claims for unemployment benefits jumped by 55 thousand from the previous period to 286 thousand in the week ending January 15th amid Omicron wave. It was the highest level since mid-October. It was also the largest weekly increase in claims since mid-July, as a surge in COVID-19 cases driven by the Omicron variant disrupted business activity and as employers continued to have difficulty retaining workers amid record rises in job quits.

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