Jobless Claims Rise as Omicron Worries Continue

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The Labor Department reported that 286,000 Americans have filed new claims for state unemployment benefits, an increase of 55,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 230,000 to 231,000. Still, the unemployment rate fell last month to a pandemic low 3.9 percent. The four-week moving average was 231,000, an increase of 20,000 from the previous week’s revised average. The previous week’s average was revised up by 250 from 210,750 to 211,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week, an increase of 0.1 percentage point from

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