Weekly Jobless Claims Dip To Near Five-Year Low | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Weekly Jobless Claims Dip To Near Five-Year Low

There were 339,000 first-time claims for unemployment insurance last week, down 16,000 from the week before, the Employment and Training Administration says.

The drop brought claims down to around their lowest level since early 2008, when the latest recession was just getting started and before the downturn got its grip on the economy.

Last week's decline is a positive sign. The Associated Press reminds readers that jobless claims "are a proxy for layoffs" and that when they drop, "it signals that companies are cutting fewer jobs." But the wire service adds that layoffs are only "half of the equation. Businesses also need to be confident enough in the economic outlook to step up hiring."

Recent indicators seem to show that most businesses aren't yet willing to boost hiring. In March, the government estimates, just 88,000 jobs were added to private and public payrolls.

Still, Reuters says the news on jobless claims offers "reassurance [that] the bottom is not falling out of the labor market despite signs of slower growth."

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

NPR

Edison's Talking Dolls Can Now Provide The Soundtrack To Your Nightmares

Thomas Edison built and sold about 500 dolls back in 1890. Now, new technology has made hearing their supercreepy voices possible for the first time in decades. (Thanks, technology.)
NPR

Tea Tuesdays: Butter Up That Tea, Tibetan-Style

Yak butter tea is often referred to as the national drink of Tibet. It's been consumed in the Himalayas for centuries and helped inspire the Bulletproof Coffee craze in the U.S.
WAMU 88.5

Maryland Democrats Pressure Gov. Hogan On Education Spending

The General Assembly has been adjourned for almost a month, but Democrats in Maryland are still pressuring Republican Gov. Larry Hogan to release funding for public education.
NPR

Edison's Talking Dolls Can Now Provide The Soundtrack To Your Nightmares

Thomas Edison built and sold about 500 dolls back in 1890. Now, new technology has made hearing their supercreepy voices possible for the first time in decades. (Thanks, technology.)

Leave a Comment

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