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    Home » US Unemployment Claims Fell by 30,000 to 260,000 Last Week
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    US Unemployment Claims Fell by 30,000 to 260,000 Last Week

    January 27, 20221 Min Read
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    Fewer Americans filed for unemployment benefits last week after three straight increases amid rising cases of omicron variant of Covid-19.

    • Jobless claims dropped by 30,000 to 260,000 last week. Fewer than the 265,000 analysts were projecting.
    • The four-week average of claims, which indicates weekly volatility, increased by 15,000 to 247,000, the highest in two months.
    • In total, almost 1.7 million people were collecting unemployment benefits the week that ended January 15, a marginal increase of 51,000 from the prior week.
    • Jobless claims, an indicator for layoffs, had dropped mostly steady for nearly a year and late last year dropped below the pre-pandemic average of nearly 220,00 per week.

    The job market has recovered from last year’s plunge driven by the intense COVID-19 pandemic, and companies are struggling to retain and hire workers, despite the recent surge in jobless claims.

    DXY up +0.69%, EUR USD down -0.80%

    Source: US Department of Labor

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