Jobless Claims Rise as Omicron Spreads in the United States

Jobless Claims Rise as Omicron Spreads in the United States

Jobless Claims Rise , as Omicron Spreads in br the United States.br CNBC reports that as the highly-infectious Omicron variant sweeps the nation, jobless claims rose higher than many had expected.br CNBC reports that as the highly-infectious Omicron variant sweeps the nation, jobless claims rose higher than many had expected.br According to the U.S. Labor Department, jobless claims reached 207,000 br for the week ending January 1.br Conservative economic estimates for br jobless claims were around br 195,000 for the month.br Still, experts say jobless claims have br hovered below pre-pandemic levels br in the last four weeks.br Still, experts say jobless claims have br hovered below pre-pandemic levels br in the last four weeks.br Weekly unemployment claims only ticked up for the latest week, showing the surge in Omicron cases hasn’t increased layoffs. , Robert Frick, corporate economist at Navy Federal Credit Union, via CNBC.br Continuing claims also increased by 36,000 for the period, totaling 1.75 million.br Though the COVID-19 pandemic br rages on, officials say the jobs br market could be picking up steam.br As the unemployment rate sits at 4.2, economists predict nearly 422,000 jobs were filled last month.br As the unemployment rate sits at 4.2, economists predict nearly 422,000 jobs were filled last month.br According to CNBC, officials were br disappointed in October and br November jobs reports.br The outlook moving forward br is one of cautious optimism.br The underlying trend in claims br is downward but the speed br of the drop in October br and early November br could not be sustained.


User: Wibbitz Top Stories

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Uploaded: 2022-01-06

Duration: 01:30

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