News > US weekly jobless claims unexpectedly rise to 230,000 as Covid cases soar

US weekly jobless claims unexpectedly rise to 230,000 as Covid cases soar

Business Standard | 13/01/2022 09:01 PM | Click to read full article

The number of Americans applying for unemployment benefits rose last week to the highest level since mid-November. US jobless claims climbed by 23,000 last week to 230,000, still low by historic standards.

The weekly applications, a proxy for layoffs, have now risen four of the last five weeks, possibly a sign that the omicron variant is having an impact on the job market, which has bounced strongly from last year's coronavirus recession.