Jobless Claims Dip Only Slightly; First-Quarter GDP Estimate Unchanged | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Jobless Claims Dip Only Slightly; First-Quarter GDP Estimate Unchanged

Two fresh bits of economic data, neither of which change the picture much if at all:

-- The Employment and Training Administration says there were 386,000 first-time claims for unemployment insurance last week, down 6,000 from the week before. But it also revised up that previous week's estimate, from the initial report of 387,000.

Basically, claims continue to come in at a pace that signals the labor market still isn't creating enough jobs to bring down the unemployment rate (which stood at 8.2 percent in May).

-- The Bureau of Economic Analysis says gross domestic product grew at a sluggish 1.9 percent annual rate in the first quarter. That's unchanged from its previous estimate of first-quarter economic growth.

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

WAMU 88.5

Art Beat With Lauren Landau, Sept. 2

You can see a selection of Chinese films or meditate on the meaning of the word “axis” at an art exhibition.

NPR

These 5 Crops Are Still Hand-Harvested, And It's Hard Work

Saffron, vanilla, palm oil, cacao and cottonseed oil are still picked by hand in some parts of the world. Sometimes that manual labor shows up in the price of the food; sometimes it doesn't.
NPR

Sen. Menendez Wants Ukraine Supplied With Defensive Weapons

David Greene talks to Sen. Robert Menendez, chairman of the Senate Foreign Relations Committee, about the situation in Ukraine. The New Jersey Democrat has just returned from a trip to Ukraine.
NPR

Why Do We Blindly Sign Terms Of Service Agreements?

Audie Cornish talks with University of Chicago Law School professor Omri Ben-Shahar about terms of service agreements for software and websites.

Leave a Comment

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