Weekly Jobless Claims Rise Again After Touching 52-Year Low初请失业金休息八周的反弹straight run of declines.

ByThe Epoch Times

This story originally appeared onThe Epoch Times

The number of workers applying forunemploymentbenefits in the United States rose last week after hitting a level not seen in over 50 years the week prior, with analysts generally expecting the rebound, in part due to seasonal data adjustments.

First-time filings for unemployment insurance—a proxy for layoffs—came in at 222,000 for the week ending Nov. 27, the Labor Department said in a report (pdf). That's an increase of 28,000 from the prior week's revised level of 194,000 and belowconsensus forecastsof 240,000.

"As expected, there was a bit of a bounce in newjobless claims, but we still end up at a level which isn't concerning," Bankrate Senior Economic Analyst Mark Hamrick told The Epoch Times in an emailed statement.

"We thought there would be some reversal in new jobless claims related to seasonal adjustment, which might have been responsible for at least a part of the previously reported sharp drop," Hamrick added, referring to the prior week's jobless claims figure of 194,000, whichwas the lowestsince 1969.

Continuing claims, which run a week behind the initial filings figure and reflect the total number of people receiving benefits through traditional state programs, fell by 107,000 to 1.96 million—a pandemic-era low.

初请失业金休息八周的反弹straight run of declines and comes as the emergence of the new Omicron variant has sent jitters across markets and led to speculation about economic effects after a number of countries reacted to its spread with renewed travel bans and other restrictions.

"While we are on guard for any possible impacts from the Omicron variant news, but it's too early to be seeing that the data. There are many questions yet to be answered regarding possible, if any, future economic impacts," Hamrick said.

Public health experts have said more time is needed to determine whether Omicron is more transmissible, deadly, or vaccine-resistant than other strains.

The White Housesaid Thursdayit believes the currently authorized vaccines provide at least some protection against the new strain and that booster shots strengthen this protection "significantly."

In a bid to fight the Delta and Omicron variants over the cold winter months, the Biden administration is ramping up restrictions for travelers to and within the United States, requiring more stringent testing protocols and extending the existing mask mandate on domestic flights and public transportation through mid-March.

Other actions the White House announced include encouraging booster shots and making them more readily available, increasing the availability of free at-home COVID-19 tests, and pushing businesses to impose vaccinate-or-test requirements.

"These actions will help keep our economy growing and keep Americans safe from severe COVID-19," the White House said.

ByTom Ozimek

Tom Ozimek has a broad background in journalism, deposit insurance, marketing and communications, and adult education. The best writing advice he's ever heard is from Roy Peter Clark: 'Hit your target' and 'leave the best for

Wavy Line

The Epoch Times, founded in 2000, is headquartered in Manhattan, New York, with a mission to provide independent and accurate information free of political bias or corporate influence. The organization was established in response to censorship within China and a lack of global awareness regarding the Chinese regime's repression of the spiritual practice Falun Gong.

The Epoch Times is a widely read newspaper that is distributed in 33 countries and is available in 21 languages. The publication has been critical in providing balanced and detailed reporting on major global events such as the 2003 SARS pandemic and the 2008 financial crisis. Notably, the organization has played a key role in exposing corruption inside China.

Aside from its human rights coverage, The Epoch Times has made significant contributions in a variety of fields. It has received praise for its in-depth analysis and expert perspectives on business, the economy and U.S. politics. The newspaper has also received praise for its broad coverage of these topics.

A series of editorials titled "Nine Commentaries on the Communist Party" appeared in The Epoch Times in 2004. It asserts that freedom and prosperity in China can only be achieved by eliminating the Communist Party, which violated China's cultural and spiritual values. In addition, the organization led the Tuidang movement, which resulted in over 400 million Chinese citizens quitting the Communist Party. In spite of this, 90% of websites referring to the "Nine Commentaries" were blocked by the Chinese regime.

The Epoch Times has been at the forefront of investigating high-level corruption cases within the Chinese regime, with its reporters taking significant risks to uncover these stories. The organization has received several awards for its investigative journalism.

The organization has received several awards for its investigative journalism. For more, visitwww.theepochtimes.com.

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