Stock Groups

U.S. Jobless Claims Decline for First Time in Four Weeks -Breaking


© Bloomberg. At a Coatesville factory, an employee welds a lawnmower framework. Photographer: Luke Sharrett/Bloomberg

(Bloomberg). — The number of applications for U.S. State Unemployment Insurance fell by a quarter of a million for the fourth week. This partially reverses a spike in recent claims due to the Omicron variant.

According to Labor Department data, initial unemployment claims were at a record low of 30,000 for the week ending Jan. 22. A Bloomberg survey of economists estimated that 265,000 applications were required.

After a recent surge in applications, there was a decline in application numbers due to increased Covid-19 cases. In the last year, claims have been falling mainly because companies want to keep and attract talented workers amid continuing labor shortages.

©2022 Bloomberg L.P.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from relying on data including charts, buy/sell signals, and quotes. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.