Jobless Claims Surpass Expert Predictions In Biden's Economy
By Brandon Morse | Jan 06, 2022 4:00 PM ET
Omicron has brought with it some complications for our society but despite cases breaching the 1 million mark, deaths have trended downward and hospitalizations are expected to stay lower than they had under previous variants, proving that the latest COVID-19 variant is more bark than bite.
But people are expecting the bite, and that’s likely why more people are staying home instead of going out and working. As reported by the Washington Examiner, jobless claims have risen past what experts expected, climbing to 207,000 last week instead of declining to 195,000 as originally predicted. This is on top of the disappointing jobs report from November that also surpassed the expert’s expectations with 300,000 fewer jobs being added to the economy than anticipated.
Omicron is definitely to blame for some of this, but taking a step back, one has to wonder if other factors went far in contributing to it.
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READ MORE: https://redstate.com/brandon_morse/2022/01/06/jobless-claims-surpass-expert-predictions-in-bidens-economy-n502745
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