NPR : News

Filed Under:

Jobless Claims Dip; Orders For Durable Goods Are Soft

The number of first-time claims for jobless benefits dipped slightly last week, to 370,000 from 372,000 the week before, the Employment and Training Administration reports.

The 4-week moving average for claims — which economists say gives a better picture of the trend — was also 370,000, down by 5,500.

Reuters writes that the news suggests "the labor market continues to expand at a moderate pace."

Meanwhile, the Census Bureau says orders for durable goods (equipment and other things designed to last three or more years), rose 0.2 percent in April from March. Though slight, the increase was a rebound after the 3.7 percent drop in March.

But, orders were down 0.6 percent in April if you exclude the transportation sector. And orders for "non-military goods excluding aircraft" fell 1.9 percent, Bloomberg News notes. The news points to "a slowdown in U.S. business investment," Bloomberg adds.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

The Play's The Thing — High School Productions Down The Decades

Bob Mondello looks at the most-produced shows at high schools through seven decades, and ponders what the choices made by drama teachers tell us.
NPR

Pesticide Drift Threatens Organic Farms

Conventional farmers use millions of pounds of pesticides each year to protect crops from weeds and insects. When those chemicals drift to neighboring property, they can ruin crops on organic farms.
NPR

Hillary Clinton's Doctor Says She's Healthy Enough To Be President

Clinton's doctor says she's eating healthily, drinking occasionally, swimming, lifting weights and, yes, doing yoga.
NPR

WikiLeaks Docs Purport To Show The U.S. Spied On Japan's Government

The documents also allege that the U.S. targeted Japanese banks and companies, including Mitsubishi.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.