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

Meet The 2014 Winners Of The MacArthur 'Genius Grants'

This year's winners include a cartoonist, a documentarian, a leader in the legal fight for gay marriage, a saxophonist, mathematicians and scientists, poets, lawyers and advocates.
NPR

Edible Packaging? Retailers Not Quite Ready To Ditch The Wrapper

To reduce waste, some enterprising companies are trying to roll out products that make the package part of the snack — edible packaging. But selling it to the retail market is trickier than it seems.
WAMU 88.5

Senator's Legislation Would Strip NFL Of Nonprofit Status

The Redskins' refusal to change its name has prompted the legislation from U.S. Sen. Maria Cantwell (D-WA).
NPR

The Kaypro II: An Early Computer With A Writer's Heart

Commentator Andrei Codrescu remembers the first word processor he had — the Kaypro II in the 1980s. Its inventor, Andrew Kay, died Aug. 28, at the age of 95.

Leave a Comment

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