U.S. jobless claims rose by 7,000 last week to 207,000. The four-week average of claims, which smooths out week-to-week gyrations, rose by nearly 4,800 to just below 205,000. Despite the increases, the numbers show that weekly claims are below the 220,000 typical before the pandemic struck the U.S. economy in March 2020.
The highly transmissible omicron variant so far does not appear to have triggered significant layoffs.
Altogether, nearly 1.8 million Americans were collecting traditional unemployment aid the week that ended Dec. 25.
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AMAZON PLANS TO OPEN NEW CENTRAL INDIANA WAREHOUSE THIS YEAR
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FACT CHECKERS SAY YOUTUBE LETS ITS PLATFORM BE ‘WEAPONIZED'
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SPACE TELESCOPE'S EYE' OPENS, LAST MAJOR HURDLE ‘GOLDEN
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AFTER WAVE OF CANCELLATIONS, DELTA SEES RECOVERY IN 2022
Delta Air Lines lost $408 million in the final quarter of 2021, dragged down by a COVID-19 surge that rocked the airline in December, and the carrier predicted Thursday that it will suffer one more quarterly loss before travel perks up in spring and summer.
JUDGE SAYS FTC'S ANTITRUST CASE AGAINST FACEBOOK CAN PROCEED
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Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips, reported Thursday its quarterly profit rose 16.4% over a year earlier to $6 billion amid surging demand for chips for smartphones and other electronics.
GRAND THEFT AUTO MAKER BUYS FARMVILLE COMPANY IN $12.7B DEAL
Take-Two Interactive, maker of “Grand Theft Auto” and “Red Dead Redemption,” is buying Zynga, maker of “FarmVille” and “Words With Friends,” in a cash-and-stock deal valued at about $12.7 billion.
WILL SMITH, LADY GAGA, BEN AFFLECK SCORE SAG NOMINATIONS
The Oscar race may be missing in-person glitz this year, but it doesn’t lack for star power. Will Smith, Lady Gaga and Ben Affleck landed individual nominations for the 28th Screen Actors Guild Awards on Wednesday, while the casts of “Belfast” and “CODA” were among those nominated for the guild’s top award, best ensemble.
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In addition to the new year bringing confetti and a fresh calendar, it’s a time to set big money goals for the next 12 months. That might mean finally paying off debt, buying a house or taking a long-delayed vacation.
SHOPPING FOR A CAR THIS YEAR WILL NOT BE THE SAME
2021 was an unusual year for the automotive industry. While customer demand for new cars rebounded from the economic uncertainty of 2020, automakers found themselves unable to meet that demand because of semiconductor chip shortages and supply chain problems. So what should car shoppers expect for 2022? Much of the same, unfortunately.
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