Initial Jobless Claims Unexpectedly Spike To Start The Year
The number of actual Americans filing for jobless benefits for the first time spiked to 419k in the first week of 2022. That is the highest since May 2021.
Seasonally-adjusted, initial claims also rose notably to 230k (against 200k expected)
And while continuing claims on a seasonally-adjusted basis dropped to 1.559mm – pre-COVID-lockdown levels – on a non-seasonally-adjusted basis, continuing claims jumped to 2.056mm, the highest since mid-October.
Is this the Omicron effect?
Thu, 01/13/2022 – 08:48
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