The ranks of U.S. employees submitting for jobless support stays close to a half-century low amid a tight labor market that is spurring employers to maintain maintain of their employees.
About 198,000 people filed for first-time unemployment advantages within the week ended December 25, the Labor Division mentioned Thursday. That compares with about 205,000 jobless claims within the earlier week.
The Labor Division’s four-week transferring common for newly unemployed people was 199,250, matching a low last seen in October 1969, the company reported.
Despite the fact that jobless claims have remained close to a half-century low, there are considerations that the Omicron variant that’s now sweeping throughout the nation may trigger a bump in layoffs. A spike in COVID-19 instances has sparked some companies to cut back operations, from airways to eating places, in current days.
— That is a creating story and will probably be up to date.
