Jobless claims jump to 286,000, highest level since October
Jobless claims took an unexpected turn higher last week in a potential sign that the wintertime omicron surge was hitting the employment picture. Initial filings for the week ended Jan. 15 totaled 286,000, well above the Dow Jones estimate of 225,000 and a substantial gain from the previous week's 231,000. The total was the highest since the week of Oct. 16, 2021 and marks a reversal after claims just a few weeks ago had hit their lowest level in more than 50 years. This is breaking news. Please check back here for updates.
cnbc.comU.S. weekly jobless claims total 207,000, higher than expected
Initial claims for unemployment insurance ended 2021 on a sour note, rising more than expected despite overall signs of improvement in the jobs market, the Labor Department reported Thursday. Jobless claims totaled 207,000 for the week ended Jan. 1, a bit higher than the 195,000 forecast and up 7,000 from the previous period. This is breaking news. Please check back here for updates.
cnbc.comText messages to Meadows renew focus on Trump’s inaction during Jan. 6 attack
“Did Donald Trump, through action or inaction, corruptly seek to obstruct or impede Congress’s official proceedings to count electoral votes?” Rep. Liz Cheney (R-Wyo.) said the Jan. 6 committee was seeking to determine.
washingtonpost.comNo response from Buckingham Palace amid claims of racism, mental health neglect
No response from Buckingham Palace amid claims of racism, mental health neglect The British public got their first chance to see the explosive Harry and Meghan interview in full. Buckingham Palace has yet to respond to allegations of a racist comment made by a member of the royal family. Holly Williams reports.
cbsnews.comWeekly jobless claims fall again in another sign of labor market improvement
First-time claims for unemployment insurance continued their decline last week, hitting another pandemic-era low in a sign that the labor market is gradually improving. The Labor Department reported Thursday that jobless claims hit 709,000 for the week ended Nov. 7, down from 757,000 the week before. "Over the short-term, the stock market is watching labor market data through the lens of stimulus prospects," said Kenny Polcari, managing partner at Kace Capital Advisors. In addition to the decline in the weekly pace, continuing claims also again saw a significant decline, falling to 6.79 million, a 436,000 decrease from a week ago. Continuing claims run a week behind the headline number.
cnbc.comNo, the coronavirus is not the leading cause of death in the US, CDC says
Even though the coronavirus pandemic continues to take lives across the United States, Covid-19 has not become the leading cause of death in the nation, the Centers for Disease Control and Prevention confirmed to CNN. False claims declaring that coronavirus has become the leading cause of death in the US have swirled as the US leads the world in coronavirus cases. Those claims are made by some experts comparing how many people die of coronavirus daily with the estimate of how many people may die daily on average of each leading cause of death, using CDC data. In other words -- the claims involve comparing reported deaths from Covid-19 to estimated deaths for leading causes of deaths, which include heart disease and cancer. So far during the coronavirus pandemic, there have been about 16,700 Covid-19 deaths in the United States, according to the latest data from Johns Hopkins University.
Tax day is approaching; jobless claims plummet
The number of Americans seeking unemployment benefits plummeted last week to to lowest level in March since 1973; and good news for those procrastinating on their taxes -- due to a Washington D.C. holiday, the tax deadline was extended 3 days. Jill Wagner joins CBSN with more of today's business headlines.
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