The number of Americans applying for unemployment benefits rose last week to the highest level since mid-November. U.S. jobless claims climbed by 23,000 last week to 230,000, still low by historic standards.
FILE - A hiring sign is shown at a booth for Jameson's Irish Pub during a job fair on Sept. 22, 2021, in the West Hollywood section of Los Angeles. Hiring in California slowed significantly in November 2021 even as the state's unemployment rate dipped below 7% for the first time since March 2020, at the start of the pandemic, according to data made public Friday, Dec. 17, 2021.
FILE - A hiring sign is shown at a booth for Jameson's Irish Pub during a job fair on Sept. 22, 2021, in the West Hollywood section of Los Angeles. Hiring in California slowed significantly in November 2021 even as the state's unemployment rate dipped below 7% for the first time since March 2020, at the start of the pandemic, according to data made public Friday, Dec. 17, 2021.
WASHINGTON — The number of Americans applying for unemployment benefits rose last week to the highest level since mid-November, but still low by historic standards. U.S. jobless claims climbed by 23,000 last week to 230,000. The four-week moving average, which smooths out week-to-week blips, was up nearly 6,300 to almost 211,000.
The weekly applications, a proxy for layoffs, have now risen four of the last five weeks, possibly a sign that the omicron variant is having an impact on the job market, which has bounced strongly from last year’s coronavirus recession.Companies are holding onto workers at a time when it’s difficult to find replacements. Employers posted 10.6 million job openings in November, the fifth-highest monthly total in records going back to 2000. A record 4.
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