Economy

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NPR

Jobless Claims Held Steady Last Week; Back To 4-Year Low

There were 370,000 first-time claims for unemployment insurance filed last week, the same number as during the week before. That could be a sign the labor market is stabilizing.
NPR

Fed: Sizeable Risk From Capitol Hill Gridlock

The Federal Reserve has unsealed the minutes of its Open Market Committee meeting in April. Fed officials warn that a failure to agree on a federal budget plan could mean businesses will delay hiring plans.
NPR

Biden Speech Part Of Coordinated Attack On Romney

With a speech in Ohio Wednesday, Vice President Biden kept up the drum beat criticizing Mitt Romney for his work as a venture capitalist. The GOP presidential hopeful casts his business experience as a prime asset.
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D.C. Unemployment Program Reaches 3,000 Hires

D.C.'s One City One Hire program has helped placed more than 3,000 District residents, with a large portion coming from the wards feeling unemployment most strongly.

NPR

Is Housing Sector Getting Better? Increase In Starts May Signal It Is

There was a 2.6 percent increase in housing starts in April from March, the Census Bureau and Department of Housing and Urban Development say.
NPR

Political Limbo May Further Erode Greece's Stability

Greece will hold new elections next month after leaders failed to form a government this week. The political uncertainty has raised fears that the heavily indebted country will be forced to exit the eurozone.
NPR

Portugal Looks Back On 1 Year Since Its Bailout

In Portugal, austerity has meant up to a 30 percent pay cut for civil servants. Unemployment is at more than 15 percent, and the economy continues to shrink. The European Union recently warned the Portuguese people may have to sacrifice even more.

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