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Weekly Unemployment Claims Jump In Possible Sign of Omicron Hit to Jobs Recovery

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.
United States Roy Peter Clark Tom Ozimek Mark Hamrick James Knightley Federal Reserve

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