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US weekly jobless claims unexpectedly rise as Covid-19 cases soar

The number of Americans filing new claims for unemployment benefits unexpectedly rose in the first week of January amid raging Covid-19 infections, but remained at a level consistent with rapidly tightening labor market conditions. Initial claims for state unemployment benefits increased 23,000 to a seasonally adjusted 230,000 for the week ended Jan. 8, the Labor Department said on Thursday. Economists polled by Reuters had forecast 200,000 applications for the latest week.



January 13, 2022 at 10:53PM

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