Applications For Unemployment Benefits Tick Up; Monthly Average At 5-Year Low | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Applications For Unemployment Benefits Tick Up; Monthly Average At 5-Year Low

There were 336,000 first-time claims for unemployment benefits last week, up 2,000 from the week before, the Employment and Training Administration reports.

The big news here is that the 4-week moving average was 339,750, a drop from of 7,5000 from last week and the lowest level in 5 years.

Bloomberg reports:

"'We've been surprised over the last few weeks as claims have continued to fall,' Sean Incremona, senior economist at 4Cast Inc. in New York, said before the report. Incremona projected 335,000 initial claims. 'There is definitely progress in the labor market, though mostly through a reduction in layoffs.'

"Estimates for first-time claims ranged from 325,000 to 352,000 in the Bloomberg survey of 47 economists. The prior week's applications were revised to a seven-week low of 334,000 after an initially reported 332,000."

Update at 9:21 a.m. ET. Manufacturing Is Up:

The AP reports:

"U.S. manufacturing growth quickened in March and the pace of hiring increased, suggesting the sector will contribute to stronger overall U.S. growth in the first quarter, an industry survey showed on Thursday. ...

"Manufacturers stepped up hiring this month, driving the employment sub-index to 54.6 from 53.5 and rounding out the best three-month stretch for hiring in the sector since early last year, according to Markit chief economist Chris Williamson."

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Investigating The Drug Trade In 'Cartel Land'

A new documentary tells a riveting story of the way power and violence intersect along the Arizona border and in embattled Michoacan, Mexico.
NPR

Why The World Might Be Running Out Of Cocoa Farmers

West African cocoa farmers earn less than $1 a day. Those low wages could jeopardize the future of chocolate labor, as young farmers find better opportunities to earn a living, a new report warns.
NPR

Donald Trump Controversy Highlights Influence Of Hispanics In U.S.

NPR's Rachel Martin speaks with Felix Sanchez, chairman and co-founder of the National Hispanic Foundation for the Arts, about Republican presidential candidate Trump's remarks on Mexican immigrants.
NPR

Pilot In Solar-Powered Plane Sets Aviation Record

André Borschberg, flying Solar Impulse 2, set a new record of 120 hours in the cockpit on a journey from Japan to Hawaii.

Leave a Comment

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