Some 198,000 individuals filed for jobless claims final week, a near-50-year low

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The ranks of U.S. employees submitting for jobless support stays close to a half-century low amid a decent labor market that is spurring employers to maintain maintain of their employees. 

About 198,000 individuals filed for first-time unemployment advantages within the week ended December 25, the Labor Department mentioned Thursday. That compares with about 205,000 jobless claims within the earlier week

The Labor Department’s four-week transferring common for newly unemployed individuals was 199,250, matching a low final seen in October 1969, the company reported.  

Even although jobless claims have remained close to a half-century low, there are issues the Omicron variant now sweeping throughout the nation may trigger a bump in layoffs. A spike in COVID-19 circumstances has sparked some companies to reduce operations, from airways to eating places, in latest days.

— This is a creating story and shall be up to date.

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