HelpWanted.com

Unemployment claims reach highest level in three months

Unemployment claims reach highest level in three months
The number of jobless claims filed by Americans last week has jumped to its highest level in three months. This is another sign that the ongoing wave of the Omicron variant is hitting the job market. The US Labor Department reported on Thursday that 286,000 applied for first-time unemployment benefits last week, which is an increase from the 55,000 from the previous week. That's the highest number of jobless claims since mid-October. 

Economists attribute this jump in claims to the rise in coronavirus cases. Nancy Vanden Houten, lead economist with Oxford Economists said, "The rise in claims reflects both an increase in layoffs due to the surge in Covid cases as well as an added boost from large seasonal adjustment factors." The latest surge of the virus has weighed on the strong comeback from the coronavirus recession of 2020. Jobless claims are a proxy for layoffs and had fallen steadily for a year. In late 2021, these numbers had fallen below the pre-pandemic average of around 220,000 a week. 

According to the Census Bureau, nearly 9 million workers said they weren't working in the first week of January because they tested positive for covid 19 or because they were caring for someone who had the virus. Overall, the job market remains tight as illnesses keep workers out of their jobs. 

Source: CBS News 
Tags In
Remote Working Rural Unemployment

Previous days news

Jan 19 Jan 17 Jan 14 Jan 13 Jan 12

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
Big Data Jobs Amazon Survey CFOs Jobs In Noida Bank Jobs Flexible Job Seekers Banks Softskills Jamshedpur Jobs Hiring Tips For Freshers Drone Technology Restaurant Retail Jobs India J&k IKEA Jobs Indian Job Market Stimulus Indian Economy Samsung Electronics Employment Excahnge Millennials Tech Hiring Health Workers 3i Infotech Rural India Jobs Fake Employment Agents GDP Experience SDG Indian Index Investment Firemen Jobs AI Jobs Job Search Scientific Officer Jobs Job Marketx Govt Employees New Normal Labor Job Internships Advertising Labour Participation Rate Urban Unemployment YuWaah Job Security Guidance DRDO Ola Cabs Language Jobs
Articles

Hiring Secrets of The Most Successful Companies

A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...Read more

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 ...Read more

The Interviewer's Guide to Conducting Phone Interviews

The job market in the US is slowly gaining traction after the long period of gloom that took the un ...Read more

Did You Lose Your Job During COVID-19? Here’s What to Do

First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...Read more