U.S. weekly jobless claims at three-month high; seen trending down as Omicron subsides
By Lucia Mutikani WASHINGTON – The number of Americans filing new claims for unemployment benefits jumped to a three-month high last week, likely as a winter wave of COVID-19 infections disrupted business activity, which could constrain job growth this month. The third straight weekly increase in jobless claims reported by the Labor Department on Thursday was also influenced by unfavorable seasonal factors after the holidays. Coronavirus cases, driven by the Omicron variant, are subsiding and the seasonal factors, the model used by the government to iron out seasonal fluctuations from data, are seen normalizing soon, suggesting the recent surge in