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/.

NPR

Snubs And Successes: 6 Lessons Learned From This Year's Emmy Nominations

HBO's Game of Thrones emerged as the most-nominated series with 19 nods for the Primetime Emmy Awards, but new series such as FX's Fargo and HBO's True Detective scored, too.
NPR

'Captain Pizza' Saves The Day, But Doesn't Save Himself A Slice

A pilot found himself hungry during a midflight delay. But instead of just buying a pizza for himself, he bought 50 pizzas for the entire Frontier Airlines plane.
NPR

In Texas, Obama Sets Stage To Answer 'Do-Nothing' Congress

President Obama knows he's unlikely to get support from Texas' predominantly Republican congressional delegation, but being rebuffed will make it easier for him to shift blame to the GOP.
NPR

A New Device Lets You Track Your Preschooler ... And Listen In

LG's KizON wristband lets you keep tabs on your child. But some experts say such devices send the wrong message about the world we live in. And the gadgets raise questions about kids' privacy rights.

Leave a Comment

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