Jobless Claims Bounce Up From Earlier Weeks' Low Levels | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Jobless Claims Bounce Up From Earlier Weeks' Low Levels

After two straight weeks in which the figures tracked near their lowest levels in seven years, the number of first-time applications for jobless benefits rose more than expected last week.

The Employment and Training Administration says there were 329,000 such claims filed, up by 24,000 from the previous week's slightly revised figure.

Reuters says that even though the latest number was above expectations, "the rise probably does not suggest a shift in labor market conditions as the underlying trend continued to point to strength. ... The increase probably reflects difficulties adjusting the data for seasonal fluctuations given a late Easter this year and the timing of school spring breaks."

Bloomberg News makes much the same point: "The Easter holiday period made it more difficult to adjust the data for seasonal variations. ... Looking beyond the swings, firings have slowed, which probably means employers are gaining confidence the world's largest economy is strengthening."

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

NPR

6 Novelists Withdraw From Event Honoring 'Charlie Hebdo' For Free Speech

Peter Carey and Rachel Kushner are among those who are withdrawing in protest from the PEN American Center's annual gala. Kushner says she is uncomfortable with Charlie Hebdo's "cultural intolerance."
NPR

Drop-In Chefs Help Seniors Stay In Their Own Homes

As people age, cooking can become difficult or even physically impossible. It's one reason people move to assisted living. One company offers a chef to cook healthy, affordable meals at home.
NPR

Loretta Lynch Sworn In As U.S. Attorney General

Lynch's nomination was confirmed last week by the U.S. Senate, five months after President Obama nominated her to succeed Eric Holder.
NPR

Leave The Selfie Sticks At Home, Wimbledon Says

Taking the same stance as the Kentucky Derby and major music festivals, the All England Lawn Tennis Club reportedly cited the devices' "nuisance value."

Leave a Comment

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