Current Weather
The Spy FM

Weekly Jobless Claims Stay Near 5-Year Low

Filed by KOSU News in Business.
May 9, 2013

There were 323,000 first-time claims for unemployment insurance last week, down 4,000 from the week before, the Employment and Training Administration says.

Note: As often happens, the previous week’s figure is a slight revision from what was reported earlier. Initially, the ETA said there had been 324,000 first-time claims during the week ending April 27. Now, it says there were 327,000 that week.

The bottom line, as we said last week, is that “claims continue to run around the lowest pace since early 2008 — they haven’t been lower since a week in mid-January 2008 when they came in at 321,000.”

Bloomberg News puts this interpretation on the latest figures: They’re “a signal employers are confident enough in the economic outlook to hold on to workers.”

Thursday’s relatively good news follows last week’s word that the nation’s unemployment rate edged down to 7.5 percent in April. [Copyright 2013 NPR]

Leave a Reply

3PM to 6PM All Things Considered

All Things Considered

For two hours every weekday, All Things Considered hosts Robert Siegel, Michele Norris and Melissa Block present the program's trademark mix of news, interviews, commentaries, reviews, and offbeat features.

Listen Live Now!

6PM to 7PM Marketplace

Marketplace

Hosted by Kai Ryssdal, award-winning Marketplace is public radio's daily magazine of business and economics.

View the program guide!

7PM to 9PM Juke Joint Revival

Juke Joint Revival

Juke Joint Revival rivals any Rockabilly/Roots show on the air today, and the host of that program, Jenni Zee, lives and breathes the Rockabilly lifestyle. Her show has drawn the attention of Rockabilly fans the world over.

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