NPR : News

Filed Under:

Jobless Claims Fell Sharply Last Week

There were 346,000 first-time claims for unemployment benefits, down 42,000 from the week before, the Employment and Training Administration reports.

Meanwhile, the "4-week moving average" of claims was 358,000, up by 3,000 from the previous week's 355,000. That measure smooths out some of the volatility in the numbers.

After recent reports that were disappointing — including last week's news that employers added only 88,000 jobs to their payrolls in March — Thursday's data on jobless claims were a positive switch.

Bloomberg News says the decline in claims was more than forecast and could be a sign that some things that tend to cause unusual swings in data, including holidays such as Easter, have worked their way through the numbers.

"The spike in claims was temporary," Brian Jones, a senior U.S. economist at Societe Generale in New York, tells Bloomberg. "Claims will continue to come down. Things are getting better."

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

NPR

'Game Of Thrones' Finale Sunday Caps A Season Of Satisfaction

NPR TV Critic Eric Deggans says HBO's most popular series soared this year with plots that moved beyond George R.R. Martin's published books.
NPR

With A Zap, Scientists Create Low-Fat Chocolate

Scientists say they've figured out how to reduce the fat in milk chocolate by running it through an electric field. The result is healthier, but is it tastier?
WAMU 88.5

Analysis Of The Last Supreme Court Decisions Of The Term

Analysis of the Supreme Court's last decisions of the term and the impact of a vacant seat on the bench.

NPR

President Obama Acknowledges 'Brexit' To Silicon Valley Crowd

President Obama delivered a speech Friday at Stanford University, and remarked on the Brexit vote in front of a crowd of young, tech-forward, pro-globalization attendees from 170 countries.

Leave a Comment

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