Jobless Claims on the Rise in the USA with the Spread of Omicron
There has been a continuous rise in the number of unemployed Americans amidst the return of a new Corona variant. Jobless claims totaled 207,000 by the 1st of Jan, higher than the 195,000 estimates and 7,000 more than the previous week. Although the number is not big, still the labor market has to go a long way before it reaches pre-Covid levels. As per the claims, there is no huge impact of Omicron on the rising unemployment level yet, however,...
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