The weekly Labor Department data sheds fresh light on how a recent surge in COVID-19 cases is affecting the economy.
Figures released Thursday by the Labor Department show that applications for the week that ended on Jan. 15 jumped to 286,000 from a revised 231,000 a week earlier, sharply missing the 220,000 forecast by Refinitiv analysts.Continuing claims, or the number of Americans who are consecutively receiving unemployment aid, rose to 1.635 million, an increase of 84,000 from the week's previous level.
Claims have largely moderated near pre-pandemic levels as the economy recovers and Americans continue traveling, shopping and eating out. Businesses have struggled to keep up with the demand, however, and have reported difficulties in onboarding new employees. Thursday's report suggests that companies are making an effort to retain the workers they already have.
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