Jobless Claims Jump 230,000 as Omicron Surges

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The Labor Department reported that 230,000 Americans have filed new claims for state unemployment benefits, an increase of 23,000 from the previous week’s unrevised level of 207,000. The four-week moving average was 210,750, an increase of 6,250 from the previous week’s unrevised average of 204,500. The advance number for seasonally adjusted insured unemployment during the week was 1,559,000, a decrease of 194,000 from the previous week’s revised level. This is the lowest level for insured unemployment since June 2, 1973 when it was 1,556,000. The previous week’s level was revised down by 1,000 from 1,754,000 to 1,753,000. The four-week moving

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