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Jobless Claims Dipped Last Week

There were 377,000 first-time claims for unemployment insurance last week, down 12,000 from the week before, the Employment and Training Administration reports.

But in yet another mixed signal about how the economy's doing, that welcome dip is tempered by the fact that the "4-week moving average was 377,750, an increase of 1,750 from the previous week's revised average of 376,000." Economists watch that average because it offers a slightly larger look at the trend.

Also, the agency revised up the previous week's number of claims — from the initial estimate of 383,000 to 389,000.

Bloomberg News says the report signals "limited progress in the labor market after a two-month slowdown in hiring."

As we mentioned earlier, Fed Chairman Ben Bernanke this morning delivers the central bank's latest economic outlook during testimony before Congress.

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

NPR

'The Wake' Is An Unlikely Hit In An Imaginary Language

Paul Kingsnorth self-published The Wake, his tale of the 11th-century Norman conquest of England, written in a pastiche of Old and modern English — and was startled when it became a smash hit.
NPR

Philly Preps Blessed Beer And Other Edible Swag To Greet Pope Francis

Enterprising businesses will mark the pope's visit to Philadelphia next month with irreverent tchotchkes — including beers brewed with holy water and toasters that etch the pontiff's face on bread.
WAMU 88.5

The Politics Hour - August 28, 2015

We chat with D.C. Police Chief Cathy Lanier about the city's strategy to combat the spike in violent crime taking place in the nation's capital.

NPR

New Tesla Breaks Consumer Reports' Ratings Scale, Bolsters Company's Stock

"It kind of broke the system," says Jake Fisher, director of the magazine's auto test division. Tesla's stock rose 8 percent Thursday.

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