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Consumer prices were flat in January, the Bureau of Labor Statistics says. But a driving force behind that good news has reversed itself since then. According to BLS, gasoline prices fell 3 percent last month. In February, though, gas prices have risen sharply. So watch for next month's BLS report on consumer prices to tell a different story.
Also this morning, the Employment and Training Administration reports that the number of first-time claims for jobless benefits rose by 20,000 last week, to 362,000. The increase was slightly larger than economists expected.
For the most part, the number of weekly claims has stayed within a range of 350,000 to 400,000 since the fall of 2011. They've been another in a series of signs that the U.S. labor market is only slowly recovering from the 2007-09 recession.
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The Obama administration says the bill "makes unacceptable deep cuts" to federal food aid programs and extends, rather than cuts, crop insurance payments to farmers.Teens Find The Right Tools For Their Social-Media Jobs
There was a time — a time long, long ago — when MySpace dominated the teen social-media world. Not anymore. NPR's Sami Yenigun looks at how teenagers use various social platforms in today's increasingly segmented online universe.Leave a Comment
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