Economics
U.S. Jobless Claims Decline for First Time in Four Weeks
- Initial claims fell to 260,000 in the week ended Jan. 22
- All bar two states registered decreases in claims last week
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Applications for U.S. state unemployment insurance fell for the first time in four weeks, partially unwinding a recent spike in claims due to the omicron variant.
Initial unemployment claims totaled 260,000 in the week ended Jan. 22, down 30,000 from the prior period, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 265,000 applications.