Jobless claims rise first time in a month
After three weeks of decline, more Americans applied for jobless claims last week. The Labor Department said on Thursday that last week, jobless claims rose by 23,000 to 248,000. Economists cite the lingering effects of the Omicron variant as a reason for the rise.
Economist Ian Shepherdson said in a report, "The trend is still falling, unwinding the hit from the Omicron Covid wave, and claims likely will drop next week." He added, "The pre-Omicron low was [188,000] in the first week of December; we expect that to be reached again by late March."
The 4-week average for claims fell by 10,500 to 243,250. It was the second straight week of declines seen after rising for five weeks as the Omicron variant disrupted businesses in many parts of the US. In total, less than 1.6 million Americans were collecting jobless aid last week, with a decrease of about 26,000 from the previous week. There are about 4 million more job openings than unemployed workers and overall the job market is still healthy. Hiring remains strong and employers added 467,000 jobs last month.
Source: CBS News
Economist Ian Shepherdson said in a report, "The trend is still falling, unwinding the hit from the Omicron Covid wave, and claims likely will drop next week." He added, "The pre-Omicron low was [188,000] in the first week of December; we expect that to be reached again by late March."
The 4-week average for claims fell by 10,500 to 243,250. It was the second straight week of declines seen after rising for five weeks as the Omicron variant disrupted businesses in many parts of the US. In total, less than 1.6 million Americans were collecting jobless aid last week, with a decrease of about 26,000 from the previous week. There are about 4 million more job openings than unemployed workers and overall the job market is still healthy. Hiring remains strong and employers added 467,000 jobs last month.
Source: CBS News
Category
Dependent Benefits
Educational Assistance
Drug & Alcohol Testing
Organization & Employee Development
Remote & Hybrid Work
Firing
Discrimination
Wellness Benefits
Opening & Closing
Employment Law & Compliance
Executive Compensation
Data Security
Employee Engagement
Retirement & Recognitions
Ethnicity
Social Media
Succession Planning
Age
Benefits Reporting & Disclosure
Mental Health Benefits
Leadership Development
Workplace Culture
Contracts & RFPs
Emergency Response
Workforce Planning
Employment Testing
Disaster Preparation & Response
HR Software
Job Applications &
Eligibility Verification (I-9)
Cybersecurity
HR Careers
Ethical Practice
Employee Resource Groups
Closing
Pay Equity
Retention
Downsizing
Disability Accomodations
Organizational Structure
Family & Medical Leave
Campus Placement
Recruiting
Performance Management
Whistleblowing
Talent Acquisition
Teamwork
Career Development
Artificial Intelligence
Hiring
Tags
Article
Effective Ways to Stay Productive While Telecommuting
Remote working is not a new thing in the US but a lifesaver in the current situation when social di ...
Return to Office: Tips to cope with Change
The past two years have been a roller coaster ride, we’ve all acclimatized ourselves with the work ...
This Thanksgiving - Give Thanks To All These People
This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...
Here Is How to Answer These 5 Tricky HR Questions
During an interview, you’re not only asked questions according to your credibility and qualificatio ...
Comments