camila December 13, 2021

SINGAPORE – Two important data points from last week confirm that, overhanging fears of Omicron aside, economic growth is starting to pick up.

First, US weekly jobless claims tumbled during the first week of December, reflecting tightness within the labour market. The initial filings for unemployment insurance which totalled 184,000 for the week ended Dec 4 were the lowest going back 52 years to Sept 6, 1969.

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
Subscribe now

*Terms and conditions apply.