US jobless claims rise by 7,000, but still low at 207,000

    WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week but remained at historically low levels, suggesting that the job market remains strong.

    U.S. jobless claims rose by 7,000 last week to 207,000. 

    The four-week average of claims, which smooths out week-to-week gyrations, rose by nearly 4,800 to just below 205,000.

    Despite the increases, the numbers show that claims remained below the 220,000 typical before the pandemic struck the U.S. economy in March 2020.

    The highly transmissible omicron variant so far does not appear to have triggered layoffs.

    More from News of the North

    Comments

    Add a comment

    Log in to the club to add your comment.

    Current Conditions

    Crude Oil Price