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

Curb Your Appetite: Save Bread For The End Of The Meal

A hot bread basket is a tasty way to start off dinner. But all those carbs before the main fare can amp up appetite and spike blood sugar. Saving the carbs for the end of the meal can help avert that.
NPR

Why You Should Thank A Caterpillar For Your Mustard And Wasabi

Eons ago, cabbage butterfly larvae and the plants they eat began an evolutionary arms race. The result: "mustard oil bombs" that give the plants, and condiments we make from them, distinctive flavors.
NPR

California Legislature Passes 'Mandatory' Vaccine Bill, Sends It To The Governor

Children who have specific medical problems, like immune system deficiencies, would be exempt from vaccinations as long as they have confirmation from their doctor.
NPR

Apple Bets Big That You'll Start Paying To Stream Music

Millions listen to services like Spotify and Pandora, but relatively few of them subscribe. Why should they when there are so many free options? The new Apple Music will be free for only 3 months.

Leave a Comment

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