Unemployment Claims Increase to 207,000 as Workers Seek More Attractive Positions with Better Pay

The number of Americans who filed new unemployment claims increased to 207,000 in the week ending Jan. 1 as workers seek more attractive positions with better pay and Omicron coronavirus variant cases surge.

The labor Department figure shows a 7,000 claim increase compared to the week ending Dec. 25, when claims reached a revised level of 200,000. Economists surveyed by The Wall Street Journal projected claims would decrease to 195,000.

Meanwhile, a record 4.5 million American’s quit their jobs in November while job openings dipped to 10.6 million from October’s 11.1 million figure.