The number of American workers filing weekly jobless claims—a proxy for layoffs—rose by 23,000 from the prior week in what could be a sign of an impact from the Omicron surge, though the number of people continuing to claim benefits hit a multi-decade low, suggesting further labor market tightening.
First-time filings for unemployment insurance came in at 230,000 for the week ending Jan. 8, up from the prior week’s 207,000, the Labor Department said in a report (pdf).