More people apply for jobless aid in first week of 2022
Claims jumped to 230,000, in line with pre-pandemic levels despite the Omicron surge.
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Claims jumped to 230,000, in line with pre-pandemic levels despite the Omicron surge.
The number of Americans filing new claims for unemployment benefits held below pre-pandemic levels last week, while consumer spending increased solidly, putting the economy on track for a strong finish to 2021. But price pressures continued to build up, with a measure of underlying inflation recording its largest annual increase since 1989 in November. The reports on Thursday came as the nation was struggling with a resurgence in COVID-19 infections, driven by the Delta and highly transmissible Omicron variant, which could crimp economic growth in the first quarter.
The CNBC Investing Club breaks down the week that was, and what’s on our radar in the week ahead.
The CNBC Investing Club breaks down the week that was, and what’s on our radar in the week ahead.
The CNBC Investing Club breaks down the week that was, and what’s on our radar in the week ahead.