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Jobless claims rise more than expected to 286,000, highest since October

By Zach Halaschak
Published January 20, 2022 1:31pm ET
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Jobless claims rise more than expected to 286,000, highest since October
The number of new applications for unemployment benefits climbed 55,000 last week to 286,000, more than anticipated. The numbers were reported on Thursday morning by the Labor Department. Weekly jobless claims are seen as a proxy for layoffs and have been watched closely in recent weeks to gauge the labor market damage caused by the […]

The number of new applications for unemployment benefits climbed 55,000 last week to 286,000, more than anticipated.

The numbers were reported on Thursday morning by the Labor Department. Weekly jobless claims are seen as a proxy for layoffs and have been watched closely in recent weeks to gauge the labor market damage caused by the omicron variant of the coronavirus.

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COVID-19 Department of Labor Inflation Jobs Unemployment