facebook linkedin twitter

Weekly US Jobless Claims up, But Remain Historically Low

February 17, 2022by Matt Ott, Associated Press
Weekly US Jobless Claims up, But Remain Historically Low
Marriott human resources recruiter Mariela Cuevas, left, talks to Lisbet Oliveros, during a job fair at Hard Rock Stadium, Friday, Sept. 3, 2021, in Miami Gardens, Fla. (AP Photo/Marta Lavandier, File

WASHINGTON (AP) — Applications for U.S. unemployment benefits rose last week but remain near historically low levels, reflecting relatively few layoffs across the economy.

Jobless claims rose by 23,000 to 248,000 for the week ending Feb. 12, the Labor Department reported Thursday. Claims were revised upward to 225,000 the previous week.

Yet the four-week average for claims, which compensates for weekly volatility, fell by 10,500 to 243,250. It was the second straight week of declines after rising for five straight weeks as the omicron variant of the coronavirus spread, disrupting business in many parts of the U.S.

In total, fewer than 1.6 million Americans were collecting jobless aid the week that ended Feb. 5, a decrease of about 26,000 from the previous week.



First-time applications for jobless aid generally track the pace of layoffs, which are back down to fairly healthy pre-pandemic levels.

Earlier this month, the Labor Department reported a surprising burst of hiring in January, with employers adding 467,000 jobs. It also revised upward its estimate for job gains in November and December by a combined 709,000. The unemployment rate edged up to a still-low 4% from 3.9%, as more people began looking for work, but not all of them securing jobs right away.

Even as omicron variant spread quickly earlier this winter, employers have been eager to hire. That winter spike in infections briefly tripped up the country’s strong recovery from 2020′s virus-caused recession, but employers appear confident in long-term growth.


Massive government spending and the vaccine rollout jumpstarted the economy as employers added a record 6.4 million jobs last year. The U.S. economy expanded 5.7% in 2021, growing last year at the fastest annual pace since a 7.2% surge in 1984, also coming after a recession.

An overheated U.S. economy has spawned inflation not seen in four decades, leading the Federal Reserve to ease its monetary support for the economy. The Fed has signaled that it would begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring and growth, but also stubborn inflation.

A+
a-

In The News

Health

Voting

Employment

May 11, 2022
by Alexa Hornbeck
Baldwin Pushes to Reduce Workplace Violence for Health Care and Social Service Workers

WASHINGTON — Sen. Tammy Baldwin, D-Wis., attended a press conference on Wednesday where she spoke about the Workplace Violence Prevention... Read More

WASHINGTON — Sen. Tammy Baldwin, D-Wis., attended a press conference on Wednesday where she spoke about the Workplace Violence Prevention for Health Care and Social Service Workers Act, which she introduced in the U.S. Senate on May 11.  “[Health care workers] have seen a spike in... Read More

US Added 428,000 Jobs in April Despite Surging Inflation

WASHINGTON (AP) — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing... Read More

WASHINGTON (AP) — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Friday’s jobs report from the Labor Department showed that last month’s hiring... Read More

Biden to Require US-Made Steel, Iron for Infrastructure

WASHINGTON (AP) — The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing... Read More

WASHINGTON (AP) — The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material. The guidance being issued Monday requires that the material purchased... Read More

April 6, 2022
by Alexa Hornbeck
OSHA Urged to Retain Emergency Temporary Standard for Health Care Workers

WASHINGTON — The U.S. Circuit Court of Appeals for the District of Columbia heard an oral argument Monday from National... Read More

WASHINGTON — The U.S. Circuit Court of Appeals for the District of Columbia heard an oral argument Monday from National Nurses United regarding the Department of Labor’s Occupational Safety and Health Administration's emergency temporary standard for protecting health care workers against COVID-19. “OSHA is treating the... Read More

US Added 431,000 Jobs in March in Sign of Economic Health

America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience... Read More

America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia's war against Ukraine and the highest inflation in 40 years. The government’s report Friday showed that last month’s... Read More

US Growth in Q4 Revised Lower to 6.9%, Slower Growth to Come

WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December,... Read More

WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates. For all of 2021, the nation’s gross domestic product — its total output of goods and... Read More

News From The Well
scroll top