US jobless claims rise to 286,000, highest since October

US jobless claims rise to 286,000, highest since October

A man walks past a "Now Hiring" sign on a window at Sherwin Williams store, Friday, Feb. 26, 2021, in Woodmere Village, Ohio. Massive fraud in the nation's unemployment system is raising alarms even as President Joe Biden and Congress prepare to pour hundreds of billions more into expanded benefits for those left jobless by the coronavirus pandemic. (AP Photo/Tony Dejak)

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the job market. Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday. The four-week average of claims, which smooths out weekly volatility, rose by 20,000 to 231,000, highest since late November. A surge in COVID cases has set back what had been a strong comeback from from last year’s short but devastating coronavirus recession. 

Photo: A man walks past a “Now Hiring” sign on a window at Sherwin Williams store, Friday, Feb. 26, 2021, in Woodmere Village, Ohio. (AP Photo/Tony Dejak)