Current Weather
The Spy FM

Jobless Claims Drop, But Stay In Recent Range

Filed by KOSU News in Business.
May 23, 2013

There were 340,000 first-time claims for unemployment insurance last week, down 23,000 from the week before, the Employment and Training Administration reports.

The decline follows something of a spike. But in reality, the drop just means that claims continue to run at the pace they’ve been setting since late 2011. Since then, the number of new filings each week has pretty much stayed in a range from the mid-300,000s to just under 400,000.

Still, according to Bloomberg News, Thursday’s report is modestly good: “Fewer Americans than projected filed applications for unemployment benefits last week, a sign that the job market is sustaining recent gains.”

Economists had been expecting to hear there had been 345,000 first-time claims last week. It’s fair to note, of course, that when next week’s report is released we may learn that the estimate’s been revised — possibly to the 345,000 that was forecast.

Update at 10:15 a.m. ET. Sales Of New Homes Rise:

There was a 2.3 percent rise in sales of new homes in April from March, the Census Bureau and Department of Housing and Urban Development report. At an annual rate of 454,000, sales were up 29 percent from April 2012 and — as in January — were running at a pace not seen since July 2008.

What’s more, as The Associated Press notes, “the median price of a home sold in April was $271,600, the highest level on government records going back to 1993. ” [Copyright 2013 NPR]

Leave a Reply

5AM to 9AM Morning Edition

Morning Edition

For more than two decades, NPR's Morning Edition has prepared listeners for the day ahead with two hours of up-to-the-minute news, background analysis, commentary, and coverage of arts and sports.

Listen Live Now!

9AM to 10AM The Takeaway

The Takeaway

A fresh alternative in morning news, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media.

View the program guide!

10AM to 11PM On Point

On Point

On Point unites distinct and provocative voices with passionate discussion as it confronts the stories that are at the center of what is important in the world today. Leaving no perspective unchallenged, On Point digs past the surface and into the core of a subject, exposing each of its real world implications.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center