WebHeader_Grove.png
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Purchase your tickets for a chance to win $25k toward a new car or $20k in cash during NHPR's Summer Raffle!
NPR Blogs

366,000 New Claims For Jobless Benefits, Down Only Slightly

There were 366,000 first-time clams for unemployment insurance last week, down just 5,000 from the week before, the Employment and Training Administration reports.

Of note: that number from the previous week — 371,000 — is an upward revision. A week ago, the agency estimated there had been 368,000 claims over that period.

Basically, the pace changed little last week. As Bloomberg News says:

"Claims, after see-sawing in prior weeks as the government had trouble adjusting the data for seasonal swings, are settling at a level that signals there is little change in the pace of firings from last year."

Also this morning, the Bureau of Labor Statistics said productivity at U.S. businesses fell at a 2 percent annual rate in the fourth quarter of 2012. While output went up 0.1 percent, the number of hours worked rose by 2.2 percent. So, Americans worked longer but output did not go up significantly. According to The Associated Press, much of the decline can be attributed to cutbacks at defense contractors.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.