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

Maj. Bambi: Meet The Marine Who Was Disney's Famous Fawn

A gritty Marine, Donnie Dunagan fought in Vietnam, earned decorations for his service and retired as a major. But all his life, there was one thing he could never escape: He was the voice of Bambi.
NPR

Humans Aren't The Only Ones To Go Ape Over Diets: Chimps Detox, Too

A group of Ugandan chimps has found a great way to boost their mineral intake and neutralize bitter compounds in their diet: by eating clay.
NPR

Despite High Expectations, Sentencing Reform Proposals Still On Ice

Sen. John Cornyn suggested a hearing and markup on reform proposals could be imminent. But multiple sources tell NPR that concrete language is still being hotly debated behind closed doors.
NPR

WikiLeaks Docs Purport To Show The U.S. Spied On Japan's Government

The documents also allege that the U.S. targeted Japanese banks and companies, including Mitsubishi.

Leave a Comment

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