Worker filings for unemployment benefits held steady around the lowest level in more than half a century last week as a strong labor market keeps layoffs low, despite rising concerns about the rapid spread of the Omicron variant.

Initial jobless claims, a proxy for layoffs, were unchanged at 205,000 in the week ended Dec. 18, the Labor Department said Thursday. The prior week’s level was revised down by 1,000.

This post first appeared on wsj.com

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