GDP, Jobless Claims Data Add To Signs Of Slow, Steady Growth | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

GDP, Jobless Claims Data Add To Signs Of Slow, Steady Growth

The two latest economic indicators both point to modest, steady-as-she-goes growth:

-- Gross domestic product grew at a moderate 2.5 percent annual rate in the second quarter, the Bureau of Economic Analysis says. That's exactly what the agency reported the last time it estimated growth for the April-June quarter.

The new number also means BEA has now repeated that its initial growth estimate for the quarter (1.7 percent) was too low.

-- There were 305,000 first-time claims for unemployment insurance filed last week, down by 5,000 from the week before, the Employment and Training Administration says. Claims continue to run at their lowest pace since mid-2007. But job growth has not picked up enough yet to bring the nation's jobless rate below 7 percent.

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

NPR

FX's 'The Bridge' Finds Authenticity In Spanish-Language Scenes

NPR's TV critic Eric Deggans visited the set of FX's cross-border crime drama, discovering the way the show's Spanish-language scenes help reveal new dimensions to the series' Mexican characters.
NPR

From Kale To Pale Ale, A Love of Bitter May Be In Your Genes

Researchers have found a gene that affects how strongly you experience bitter flavors. And those who aren't as sensitive eat about 200 more servings of vegetables per year.
NPR

Sen. Warren: We Need Regulators Who 'Work For The American People'

Elizabeth Warren tells NPR that newly released recordings of conversations by Federal Reserve officials show that the same kind of cozy relationships that led to the 2008 meltdown have continued.
NPR

'Ello' Aims For A Return To Ad-Free Social Networking

Ello is the viral social network of the moment. Ad free, invite only and with the option of anonymity, it's generating tons of chatter as the latest alternative to Facebook.

Leave a Comment

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