Weekly initial filings for unemployment claims totaled less than the 245,000 Dow Jones estimate as companies grapple with the omicron spread.
Claims for the week ended Jan. 29 totaled 238,000, the Labor Department reported Thursday. That was a decline from the previous week’s upwardly revised 261,000.
Census Bureau data shows more than 8.7 million workers missed time in late January into February due either to having Covid or having to care for someone with the virus. Nearly 2 million more said they were out of work due to their employer closing for Covid-related reasons, while almost 1.5 million more said they lost jobs because their employer shut down permanently due to the pandemic.
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