US Jobless Claims Rise to 230,000 - Highest Since Mid-November
Updated: Jan 20, 2022
What Happened:
According to a report released by the Labor Department on Thursday, 230,000 Americans claimed first-time jobless benefits over the last week, a 23,000 increase from the previous week and the highest number since mid-November, 2021.
The weekly applications have risen over four of the last five weeks. Many economists believe that this increase is coinciding with the spread of the omicron variant of Covid-19.
In total, 1.6 million collected unemployment aid for the week that ended on Jan. 1.
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