Weekly Jobless Claims Fall To Lowest Level In Months | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Weekly Jobless Claims Fall To Lowest Level In Months

The number of first-time claims for unemployment insurance dropped by 24,000 last week, the Employment and Training Administration says. At 334,000, the number is at a 10-week low.

The Associated Press reports that the drop may be due to seasonal factors. The wire service adds:

"Still, the broader trend has been favorable. The four-week average, which smooths out fluctuations, fell 5,250 to 346,000.

"'We believe labor market conditions remain on a gradually improving trajectory,' said Laura Rosner, an economist at BNP Paribas."

The Wall Street Journal says the news — plus good news on some quarterly earning reports — sent the stock markets soaring:

"The Dow Jones Industrial Average rose 108 points, or 0.7%, to 15579 in late-morning trade. The Standard & Poor's 500-stock index tacked on 11 points, or 0.7%, to 1692. The Nasdaq Composite Index climbed 13 points, or 0.4%, to 3623. The Dow industrials and S&P 500 hit fresh intraday record highs."

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

NPR

What's A Pirate's Least-Favorite Puzzle? One That Hates Arrrrs

In each pair of clues, the answer to the first clue is a word that contains the consecutive letters A-R. Drop the A-R, and the remaining letters in order will form a word that answers the second clue.
NPR

What To Do With Weird Farmers Market Vegetables

The farmer's market in July is a wondrous thing: juicy tomatoes, jewel-toned eggplants, sweet yellow corn. But then, you see greens that look like weeds, and suddenly, you feel intimidated.
NPR

Trump's Campaign Theme Song Headache? Blame Michael Jackson, Sort Of

Candidates keep getting in trouble for picking theme songs without getting approval from the artist. You can trace this back to changes in both campaigning and the way companies sell products.
NPR

Want A Taste Of Virtual Reality? Step One: Find Some Cardboard

Fancy headsets can cost between $200 and $500. But if you have a smartphone, some extra time and an empty pizza box, you can make your own.

Leave a Comment

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