The increase is from what had been a 10-week low. But basically, claims have been ranging between the mid-330,000s and mid-370,000s all year. Like other employment indicators, the jobless claims figures have been signalling that job growth remains modest.
A former executive at Goldman Sachs will take the stand again in his civil fraud trial this morning. Fabrice Tourre is accused of misleading investors about a security he marketed and sold in the months leading up to the subprime mortgage collapse.
Tourre began testifying yesterday afternoon, and NPR's Jim Zarroli was there. Jim, good morning.
JIM ZARROLI, BYLINE: Good morning.
GREENE: So give us the background, here, if you can. What is Fabrice Tourre accused of, exactly?
Teams of workers are mobilizing in the Gulf of Mexico to try to stem a natural gas leak at an offshore drilling rig that exploded and caught fire Tuesday. The rig off the Louisiana coast has been partially destroyed by the out of control blaze, and firefighting boats are on the scene.
Many businesses that don't offer health insurance to all their employees breathed a sigh of relief earlier this month when they learned they'd have an extra year to comply with the new health care law or face stiff penalties.
President Obama on Wednesday launched another effort to lay out his vision for how to strengthen the U.S. economy with a midday speech at Knox College in Galesburg, Ill., in which he hit themes familiar to those who followed his 2008 and 2012 presidential campaigns.
Originally published on Fri August 23, 2013 12:35 pm
Note added on Aug. 23, 2013: When we wrote this post and its headline — "Sales Of New Homes Rise Again, Hit Five-Year High" — the data said that was true. Now, the agencies that produce the numbers have issued revisions that indicate sales of new homes in June were the second-best in the last five years. Go here to read about that.
NPR's business news starts with Boeing flying high.
(SOUNDBITE OF MUSIC)
GREENE: The aircraft maker says its latest quarterly earnings rose a surprising 13 percent this quarter, despite all the troubles with the new 787 Dreamliner. Boeing said today revenues were up due to increased sales of its commercial jets, including Dreamliners and 737s.