U.S. Jobless Claims Remain Steady At 205,000

The report from the Labor Department is unchanged from last week and remains at a pandemic-era low.

The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market's strong recovery from the coronavirus recession last year.

Jobless claims remained at 205,000. The four-week average, which smooths out week-to-week ups and downs, rose to just over 206,000. The numbers suggest that the spread of the Omicron variant did not immediately trigger a wave of layoffs.

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