Jobless claims drop as omicron threat recedes

Published February 3, 2022 12:00am ET



The number of new applications for unemployment benefits fell 23,000 last week to 238,000, less than expected.

The numbers reported Thursday morning by the Labor Department are a good sign for job growth. Weekly jobless claims are seen as a proxy for layoffs and have been watched closely in recent weeks for indications about how the omicron variant of COVID-19 has been affecting the labor market.

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