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

Costume Designer Colleen Atwood Took Unlikely Path To Hollywood Royalty

Oscar-winning costume designer Colleen Atwood knows tough times. A single mom at 17 who once worked at a French fry factory to make ends meet is Hollywood royalty today. A favorite of director Tim Burton, Atwood is now costume designer for his adaptation of the darkly comic, Miss Peregrine's Home For Peculiar Children and the upcoming Harry Potter prequel, Fantastic Beasts and Where to Find Them.
NPR

Carnegie Deli Says It Is Closing Down Its Landmark NYC Restaurant

As news of the closing rippled far beyond the deli's home turf in Manhattan Friday, hundreds of people responded with sadness and disbelief.
NPR

The VA Will Now Pay For Fertility Treatment For Wounded Vets

Congress has reversed a law passed in 1992 that prohibited the Department of Veterans Affairs from paying for IVF for veterans and their families, after mounting political pressure.
NPR

The United Nations Is Launching A Space Mission

The U.N. is planning to send its first spacecraft into orbit, packed with scientific experiments from countries that can't afford their own space programs.

Leave a Comment

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