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

'Southside With You' Has Us Asking: Where Is The Love In Black Movies?

The movie Southside with You is opening in theaters. The film follows Michelle and Barack Obama's very first date, and shows something we don't get too see too often in film: black romance.
NPR

Ramen Noodles Are Now The Prison Currency Of Choice

Ramen will buy anything from smuggled fruit to laundry services from fellow inmates, a study at one prison finds. It's not just that ramen is tasty: Prisoners say they're not getting enough food.
NPR

Episode 721: Unbuilding A City

Why is it so hard to knock down 17 vacant houses in a shrinking city?
WAMU 88.5

Want To Play Video Games Made In D.C.? Here's Your Chance.

An event called District Arcade brings together 23 locally made video games.

Leave a Comment

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