It adds that the "4-week moving average," which is supposed to give a slightly broader look at the trend in claims, "was 365,500, a decrease of 2,750 from the previous week's revised average of 368,250."
Maureen O'Brien told her daughter Emily Macri: dream big.
She could pick any college she wanted and they would figure out a way to pay for it.
Macri chose the University of Vermont, which costs more than $49,000 in tuition and fees per year for out-of-state residents.
O'Brien and her daughter co-signed a private student loan from Sallie Mae for $24,000 and a $30,000 Parent PLUS loan, a federal loan program for parents. And that was just for Macri's first two years of college.
That rather ominous sounding pronouncement comes from Joseph Saluzzi, co-head of equity trading at Themis Trading LLC in Chatham, N.J., in a Bloomberg News report about what happened early this morning on Wall Street.
Housing, the sector that led us into the recession, now looks to be one of the brighter spots in the economy. Homebuilding is at its highest level in nearly four years. More homes are selling, and at higher prices.
The question, of course, is whether this is a solid enough foundation to sustain a full housing recovery.
Lawrence Yun, the chief economist for the National Association of Realtors, says housing woes are largely behind us.
An epic battle between the two biggest smartphone makers begins Monday in a federal district court in San Jose, Calif., where computing giant Apple is asking for more than $2.5 billion from rival phone maker Samsung for patent violations.
The suit would be the most expensive patent violation in history, and it's just one front in Apple's war against phones running Google's Android operating system.
Rebeca Espinal admits with a shy smile that she's a straight-A math student. She's a high school graduate who dreamed of going to college.
Instead, Espinal, 17, is working in a Charlotte, N.C., factory that makes gas turbines and generators. She is an apprentice with the German company Siemens.
"I was planning on getting a degree in international relations, but with financial aid and how difficult it is to pay for college and everything," she says. "So when Siemens came along and gave me the offer, it was too good of an opportunity to just let it go.
This is MORNING EDITION from NPR News. I'm Renee Montagne.
LINDA WERTHEIMER, HOST:
And I'm Linda Wertheimer.
In the Midwest, the drought is doing a number on the nation's biggest agricultural crop, corn. The USDA says half of the country's cornfields are in poor or very poor condition, and the short supply is driving up the price. Now, a fight between livestock farmers and ethanol producers over the high priced corn crop. Farmers say ethanol factories have an unfair advantage.
Job applicants outside the Staffmark temp agency in Cypress, Calif., in 2005. Temp hiring is usually a harbinger of an improving job market, but some analysts say more employers may be considering temps as a more permanent staffing solution.
While the job market remains sluggish, temporary work is one area that's done very well in the economic recovery. Companies are keeping their temps longer and are even using them to fill professional and high-ranking positions.
The average daily number of temporary workers employed during the first quarter of 2012 was more than 2.5 million. That's up from a low of 2.1 million in early 2009, according to the American Staffing Association.
This fall, the U.S. Navy will contract three Cold War-era aircraft carriers — the USS Forrestal, the USS Saratoga and the USS Constellation — for scrapping. Often called "supercarriers" owing to their massive size, the ships contain nearly 60,000 tons of steel and other metal each.
All three carriers are likely to be sent to the landlocked city of Brownsville, Texas, to be ripped apart.
Ford Motor Co. intends to prove that good things come in small packages — really small packages. The company has taken engine downsizing to a new level with its new three-cylinder EcoBoost engine, which has been introduced in Europe and is set to hit the U.S. market next year.
The EcoBoost offers more power than many conventional four-cylinder engines, with fuel economy numbers a hybrid could envy. Early fans are calling it a modern "little engine that could," and Ford is betting that American customers are ready to embrace a three-cylinder engine.