@HorsleyScott
FOLLOWERS: 61.93K
scott horsley
1 year ago: Friday Mar 31 - 9:29pm
RT @spoggioli1: Today is MY last day with @NPR after 41 years! I want to thank the most curious, attentive and loyal listeners a reporter could ever hope for and who traveled alongside me on a long, wild ride. Arrivederci!!! https://t.co/9oGAlBFdg2
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scott horsley
1 year ago: Friday Mar 31 - 1:55pm
Forecasters say the Social Security trust fund that supplements retirees' benefits will run dry a year sooner than predicted, due to slower economic growth. https://t.co/7b8aTNkAh4
scott horsley
1 year ago: Friday Mar 31 - 8:55am
"Core" inflation, which excludes volatile food and energy prices, was 4.6% in February, down from 4.7% the month before.
scott horsley
1 year ago: Friday Mar 31 - 8:53am
Spending on goods in February was unchanged from the month before while spending on services rose 0.2%. The personal savings rate increased to 4.6%.
scott horsley
1 year ago: Friday Mar 31 - 8:52am
Personal income rose 0.3% between January and February while personal spending rose 0.2%. Prices in February were 5% higher than a year ago -- a lower annual inflation rate than January's 5.3%, according to the Commerce Department yardstick which is closely watched by the Fed.
scott horsley
1 year ago: Thursday Mar 30 - 8:50am
Revised data show the US economy grew a little more slowly in the final months of 2022 than previously thought. GDP grew at an annual rate of 2.6% in the fourth quarter, not 2.7%. The revision reflects slightly weaker consumer spending and exports.
scott horsley
1 year ago: Thursday Mar 30 - 8:47am
New claims for unemployment benefits rose slightly last week. 198,000 people applied for jobless aid -- up 7000 from the week before but still low by historical standards. As of 11 March, 1.9 million people were receiving some form of unemployment assistance.
scott horsley
1 year ago: Wednesday Mar 29 - 6:44pm
RT @nprscottsimon: Confusion reigns on fam's Open Book. Scotts of NPR! @HorsleyScott @scottdetrow talk great reads and names! https://t.co/iv0cyLpeRg
scott horsley
1 year ago: Wednesday Mar 29 - 5:55pm
RT @nprscottsimon: Confusion reigns on fam's Open Book. Scotts of NPR! @HorsleyScott @scottdetrow talk great reads and carrying a great name! 6:15 pm et 3:15 pm pt Live right here! Questions craved and conveyed!
scott horsley
1 year ago: Tuesday Mar 28 - 3:46pm
https://t.co/JS3E98LWTn
scott horsley
1 year ago: Tuesday Mar 28 - 9:41am
@hanft I promise I spelled it that way. My pronouncer guide says it still sounds as if there's a U in there.
scott horsley
1 year ago: Thursday Mar 23 - 9:02pm
@gwryan913 Per Pantheon Macroeconomics’ @IanShepherdson smaller banks were already tightening lending standards even before the SVB meltdown. https://t.co/e0ocMscbrC
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scott horsley
1 year ago: Thursday Mar 23 - 2:19pm
Federal Reserve chairman Jerome Powell said this week that banks are likely to be more cautious about lending money in the wake of recent bank failures. That could limit economic growth. Is your business seeing any pullback in available credit? Drop me a note. shorsley@npr.org
scott horsley
1 year ago: Thursday Mar 23 - 8:45am
New claims for unemployment benefits were little changed last week. 191,000 people filed new applications for aid, 1,000 fewer than the week before. The job market remains tight. As of 4 March, 1.9 million people were receiving some form of jobless help.
scott horsley
1 year ago: Wednesday Mar 22 - 2:03pm
https://t.co/qizsw3rTk1
scott horsley
1 year ago: Wednesday Mar 22 - 8:07am
Nice to hear @radiobigtex in a dramatic reading this morning! https://t.co/F55lEFUQYz
scott horsley
1 year ago: Wednesday Mar 22 - 7:13am
@RichPreston I worry about what this portends for Talisker. https://t.co/F55lEFUQYz
scott horsley
1 year ago: Sunday Mar 19 - 1:35pm
RT @MKleinEF: Have we averted a #FinancialCrisis from #SVBCollapse? What does the rescue mean for risk-taking, bank regulation, how will this affect #FederalReserve #inflation fight? @greg_ip @BCAppelbaum @byHeatherLong & @HorsleyScott discuss in @EconoFactOrg podcast https://t.co/gfx8iS2GxL
scott horsley
1 year ago: Saturday Mar 18 - 8:24am
@iFrontierTravel @RAGBRAI_IOWA L to R: Jon “Smokey” Baer; Arnie Seipel, Tom Fudge, Danielle Kurtzleben, Camila Domonoske, Don Gonyea, Kyle Munson, Richard Harris, and me. Our Groucho friends are (l to r) Bill Danforth and Jeff, Craig, and Bob Birkby.
scott horsley
1 year ago: Thursday Mar 16 - 8:53am
Treasury Secretary Janet Yellen says the government is committed to protecting bank customers. In prepared testimony for the Senate Finance Committee today, Yellen details what she calls the government's "decisive and forceful" actions to shore up confidence in the banking system https://t.co/dpqaqRshwk
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scott horsley
1 year ago: Thursday Mar 16 - 8:47am
After a one-week uptick, new claims for unemployment benefits fell again: 192,000 last week, 20,000 fewer than the week before. However, the total number of people receiving jobless benefits has been inching up: just over 2 million as of 25 February.
scott horsley
1 year ago: Tuesday Mar 14 - 7:06pm
RT @WBEZreset: New data out today shows inflation continues to ease, but prices were still 6 percent higher this February than they were a year ago. What else can we learn from the Consumer Price Index report? NPR’s @HorsleyScott helps us make sense of the numbers. https://t.co/ccMXAZYZsD
scott horsley
1 year ago: Tuesday Mar 14 - 10:28am
Egg prices fell in February for the first time in 5 months. TVs also got cheaper, but streaming services cost more. https://t.co/wbMoXxRbOd https://t.co/O2d2ERjUoA
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scott horsley
1 year ago: Tuesday Mar 14 - 8:38am
Inflation cooled slightly last month, but the Federal Reserve is still on the hot seat, as it tries to bring prices under control without breaking the banking system. https://t.co/wbMoXxRbOd
scott horsley
1 year ago: Tuesday Mar 14 - 7:24am
Happy Pi Day @RAGBRAI_IOWA https://t.co/W5RLs66inS
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scott horsley
1 year ago: Monday Mar 13 - 4:21pm
The Federal Reserve is reviewing its oversight of Silicon Valley Bank, after the bank's failure. Results are due May 1. https://t.co/2Kz3w5jM81
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scott horsley
1 year ago: Friday Mar 10 - 6:00pm
By a margin of roughly 60/40, markets now expect a smaller, 1/4 pp rate hike at the next Fed meeting--thanks in part to moderating wage gains and a growing workforce in today's jobs report. But nothing is certain before next week's inflation report. https://t.co/qkshWLaz3w https://t.co/jiSw6D2Pyh
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scott horsley
1 year ago: Friday Mar 10 - 8:39am
US employers added 311,000 workers in February -- a modest slowdown from January. The unemployment rate rose to 3.6% as more than 400,000 people joined the workforce. https://t.co/o2zb8JRd0T
scott horsley
1 year ago: Friday Mar 10 - 5:13am
In advance of this morning's jobs report, betting markets are still leaning towards a 1/2 percentage point interest rate hike at the next Fed meeting, rather than a 1/4 point increase. But it's getting closer to a coin toss. https://t.co/KtAG8yKFGa https://t.co/9f4w8k1pEH
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scott horsley
1 year ago: Thursday Mar 9 - 8:54am
New claims for unemployment benefits rose last week to 211,000 -- 21,000 more than the week before. As of 18 Feb, just over 1.9 million people were receiving some form of jobless aid.
scott horsley
1 year ago: Wednesday Mar 8 - 10:31am
RT @evale72: This is a great piece from @SabrinaSiddiqui w/bad ass cameos from @tamarakeithNPR @KBeds https://t.co/ljKW4EbqRP
scott horsley
1 year ago: Tuesday Mar 7 - 3:43pm
https://t.co/wuZwdrMxUK
scott horsley
1 year ago: Tuesday Mar 7 - 3:42pm
Yesterday, betting markets put the odds of a quarter-point rate hike at the next Fed meeting at around 70%, with about 30% expecting a larger, half-point increase. After Fed chair Jerome Powell's testimony today, those probabilities have roughly reversed. https://t.co/Ly3STEpPRv
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scott horsley
1 year ago: Saturday Mar 4 - 12:26pm
RT @tomlobianco: Jonathan Salant, last New Jersey reporter on Capitol Hill, got laid off - The Washington Post https://t.co/SaXmb6cuUl
scott horsley
1 year ago: Thursday Mar 2 - 8:46am
New claims for unemployment benefits dipped slightly last week to 190,000 -- 2000 fewer than the week before. Layoffs remain rare in a tight job market. As of 11 February, just under 2 million people were receiving some form of jobless aid.
scott horsley
1 year ago: Wednesday Mar 1 - 5:21pm
Democratic Senators Joe Manchin (WV) and Jon Tester (MT), who represent states with big fossil fuel interests, joined GOP Senators in voting against the rule this afternoon.
scott horsley
1 year ago: Wednesday Mar 1 - 5:19pm
Government policy has toggled back and forth on this issue for decades. Social criteria for investment managers was OK'd on a limited basis in '94, discouraged in '08, re-approved in 2015, banned in 2020, and greenlighted a third time in the Biden administration.
scott horsley
1 year ago: Wednesday Mar 1 - 5:16pm
The Senate voted 50-46 this afternoon to repeal a Biden administration rule allowing retirement fund managers to weigh social and environmental factors when making investment decisions. President Biden has promised a veto, though, so the rule will likely survive.
scott horsley
1 year ago: Saturday Feb 25 - 9:20am
Despite high inflation, Americans are spending like crazy - https://t.co/j3mNbM6QId
scott horsley
1 year ago: Friday Feb 24 - 11:31am
That drop in personal taxes doesn't reflect a decline in taxes withheld from paychecks last month, but an EXPECTED decline in taxes--mostly capital gains taxes, after the stock market's weak performance last year. So the extra savings are concentrated among wealthy stock holders.
scott horsley
1 year ago: Friday Feb 24 - 9:01am
Even though personal spending grew faster than personal income last month, DISPOSABLE income and the savings rate rose, thanks to a 7.9% monthly drop in personal taxes.
scott horsley
1 year ago: Friday Feb 24 - 8:57am
Most of the jump in income results from wages and salaries. Social Security recipients also got an 8.7% cost of living increase last month. Other government benefits, such as the extended child tax credit, declined.
scott horsley
1 year ago: Friday Feb 24 - 8:54am
Spending on goods jumped 2.8% between December and January (including 5.5% on durable goods) while spending on services rose 1.3%.
scott horsley
1 year ago: Friday Feb 24 - 8:54am
January prices were 5.4% higher than a year ago, or 4.7% higher if you exclude volatile food and energy prices.
scott horsley
1 year ago: Friday Feb 24 - 8:53am
Personal income rose 0.6% in January, while personal spending jumped 1.8%. The personal savings rate was 4.7%, up from 4.5% in December. Prices rose 0.6% between December and January according to the Commerce Department's inflation yardstick, which is closely watched by the Fed.
scott horsley
1 year ago: Thursday Feb 23 - 9:32am
RT @NPR: A new bill proposed in Florida would ban the practices of cat declawing and animal testing for cosmetics as well as forbid dogs from hanging their heads out of windows and riding on their owner's lap. https://t.co/T2nKk69Myw
scott horsley
1 year ago: Thursday Feb 23 - 8:50am
The US economy grew a bit more slowly at the end of last year than originally reported. Revised figures show GDP expanded at an annual rate of 2.7% in the fourth quarter, rather than 2.9%. Consumer spending was a little weaker while business investment was a little stronger.
scott horsley
1 year ago: Thursday Feb 23 - 8:44am
New applications for unemployment benefits dipped again last week, to 192,000 -- 3,000 fewer than the week before. As of early February, just under 2 million people were receiving some kind of jobless aid.
scott horsley
1 year ago: Wednesday Feb 22 - 2:35pm
Among the economic risks the Fed is watching is the prospect of a drawn out Congressional fight over the debt ceiling. https://t.co/fVb1ewpd5p
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scott horsley
1 year ago: Wednesday Feb 22 - 2:34pm
Committee members noted that as shoppers become more price-sensitive, businesses may cut their profit margins, which would help to curb inflation. https://t.co/fKsNzDO155
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scott horsley
1 year ago: Wednesday Feb 22 - 2:33pm
Minutes from the Federal Reserve's most recent policy meeting show that while the vote for a 1/4 percentage point interest rate hike was unanimous, some members of the rate-setting committee were willing to go faster, and raise rates by 1/2 a point. https://t.co/bwm1aUY4nC https://t.co/aCS1qibZoA
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scott horsley
1 year ago: Wednesday Feb 22 - 9:01am
Congress often waits till the last minute to act. But when it comes to raising the debt limit, pinpointing the moment when the government will run short of cash and have to borrow more is not easy. Independent forecasters say the deadline is likely between summer and early fall. https://t.co/2TrcYrSPro
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scott horsley
1 year ago: Tuesday Feb 21 - 9:52am
RT @DaltonYork01: Listening to @planetmoney today, and I was shocked to hear a recording of a call I made to CSPAN when I was about ten years old! My southern accent was way stronger and I had no idea what I was talking about, but still a full-circle public media moment. https://t.co/9s7ubNhPHc
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scott horsley
1 year ago: Friday Feb 17 - 3:03pm
RT @SmokeonCars: Wholesale used vehicle prices (mix, mileage & seasonally adj) based on @Manheim_US Index increased 4.1% in first 15 days of Feb compared to full month of Jan leaving Index down 7.3% y/y. NSA price up 3.4%. Price growth accelerated in first half of Feb https://t.co/Tt0RVbz0FJ https://t.co/SwO6Mb7lF8
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scott horsley
1 year ago: Thursday Feb 16 - 8:46am
Still no sign of rampant layoffs in the weekly unemployment claims. Last week, 194,000 people filed new claims for jobless benefits -- 1,000 fewer than the week before. As of 28 Jan, 1.9 million people were receiving some form of unemployment assistance.
scott horsley
1 year ago: Wednesday Feb 15 - 8:55am
Big 3% jump in retail sales last month. Restaurant sales rose 7.2%. Auto sales up 6.4%. Department store sales up 17.5%. Grocery and gasoline sales basically flat. These numbers are not adjusted for inflation, but sales rose much faster than prices in January.
scott horsley
1 year ago: Tuesday Feb 14 - 9:49am
@RandomUser64234 Seasonal adjustments were also, uh, adjusted. That makes the slowdown in inflation last fall a bit less dramatic, but again, doesn't radically alter the story the numbers are telling: Inflation is high, but coming down, albeit slowly.
scott horsley
1 year ago: Tuesday Feb 14 - 9:47am
@RandomUser64234 I wouldn't say the way CPI is calculated has changed. The weights of different items in the basket were adjusted, which happens on a regular basis. The re-weighting hasn't significantly altered the inflation story line.
scott horsley
1 year ago: Tuesday Feb 14 - 9:44am
Consumer prices rose 0.5% between December and January, although not everything got more expensive. https://t.co/42Pcr7YXvJ https://t.co/lVQWWmR5WL
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scott horsley
1 year ago: Tuesday Feb 14 - 8:42am
Annual inflation cooled slightly in January -- to 6.4% from 6.5% the month before. Price hikes accelerated between December and January, thanks to rising costs for rent, food, and gasoline. https://t.co/42Pcr7Zvlh
scott horsley
1 year ago: Friday Feb 10 - 11:52am
Here's a playbook for saving on Super Bowl snacks. Hint: Party wings are XXVIII% cheaper this year than last. https://t.co/m5zuqe9fPv
scott horsley
1 year ago: Thursday Feb 9 - 3:27pm
RT @nprpolitics: President Biden wished congressional Republicans "lots of luck in your senior year" during his State of the Union speech — a taunt that had a lot of people wondering what, exactly, that meant. Here's an attempt: https://t.co/VUg35pfz2J
scott horsley
1 year ago: Thursday Feb 9 - 8:54am
New claims for unemployment benefits rose slightly last week to 196,000 -- up 13,000 from the week before but still low by historical standards. As of 21 Jan, 1.9 million people were receiving some form of jobless aid.
scott horsley
1 year ago: Saturday Feb 4 - 10:53am
@antarestrader LFP among prime-age men has slipped a bit: 88.5% in January, compared to 96% in May '69. But LFP among prime-age women is much higher now: 76.9% in January, compared to 48.8% in May '69.
scott horsley
1 year ago: Saturday Feb 4 - 10:51am
@antarestrader Good question! LFP is actually higher now: 62.4% in January compared to 59.8% in May of '69. Prime-age LFP was 82.7% in Jan, compared to 71.4% in May '69.
scott horsley
1 year ago: Saturday Feb 4 - 9:23am
Timely sales pitch: https://t.co/cl1znm3Z2X
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scott horsley
1 year ago: Saturday Feb 4 - 9:14am
Let the Sunshine In. At 3.4%, unemployment is the lowest it’s been since 1969, when that song was topping the Billboard charts. Friday’s jobs report shines in an otherwise hairy economy. https://t.co/4mw2liUW5Y
scott horsley
1 year ago: Saturday Feb 4 - 8:58am
Yo-yo car sales ensnare buyers in bad deals. Will the FTC crack down on dealers? Crazy investigative story from @Chris_ArnoldNPR https://t.co/fciEHYRs92
scott horsley
1 year ago: Friday Feb 3 - 8:57pm
RT @SusanPage: Congrats to @evanvucci of the @AP, elected today to the Gridiron Club, the oldest association of journalists in Washington. He is the club's 534th member and the first one in its 138-year history who is a photographer. Because we decided this picture thing is here to stay.
scott horsley
1 year ago: Friday Feb 3 - 8:30pm
RT @WaffleHouse: @thorotonbrewer @MatthewCappucci Congrats! @MatthewCappucci
scott horsley
1 year ago: Friday Feb 3 - 9:15am
Economist Ian Shepherdson warned to "expect the unexpected" from this morning's jobs report. He was right. https://t.co/SElCgCD9g0 https://t.co/lI68jhaCwL
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scott horsley
1 year ago: Friday Feb 3 - 8:43am
Upside surprise: US employers add more than half a million jobs in January, as the unemployment rate dips to lowest level since 1969. https://t.co/SElCgCCBqs
scott horsley
1 year ago: Thursday Feb 2 - 9:40am
New claims for unemployment benefits dipped slightly last week to 183,000 — down 3000 from the week before. The total number of people receiving jobless aid in mid-January was little changed: just under 1.9 million.
scott horsley
1 year ago: Wednesday Feb 1 - 6:52pm
In a list of economic variables it's watching, the Federal Reserve's rate-setting committee dropped a reference to public health. Chairman Jerome Powell, who tested positive for COVID last month, says people are learning to live with the pandemic. https://t.co/Sn6m8Ih5RQ https://t.co/JJ4C44tBq1
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scott horsley
1 year ago: Wednesday Feb 1 - 6:40pm
The Federal Reserve raises interest rates by a quarter percentage point. Although inflation has cooled in recent months, Fed officials are not yet confident that prices are under control. https://t.co/Sn6m8Ih5RQ https://t.co/jHrnJdyTxG
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scott horsley
1 year ago: Wednesday Feb 1 - 2:09pm
https://t.co/Sn6m8Ih5RQ
scott horsley
1 year ago: Tuesday Jan 31 - 9:46am
As crunch time nears for states in the Colorado River basin to adjust to falling water levels, here's my periodic plug for the NPR acre-feet T-shirt. https://t.co/j7BJ2Ekaq7 https://t.co/RF4nVoZyfA
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scott horsley
1 year ago: Tuesday Jan 31 - 8:55am
Wage growth slowed in the final months of last year, which should be reassuring to the Federal Reserve as it tries to bring down inflation. The Labor Department says private-sector wages rose 1% in the fourth quarter, down from 1.2% in the previous three months.
scott horsley
1 year ago: Monday Jan 30 - 4:34pm
https://t.co/PorwpEI4PC
scott horsley
1 year ago: Monday Jan 30 - 1:09pm
I vividly remember reading this story when it first appeared. So grateful that the author -- and we -- were granted 26+ more years. https://t.co/BEdvNMvypS
scott horsley
1 year ago: Friday Jan 27 - 3:58pm
RT @RAGBRAI_IOWA: You Want a Piece of This!? As we wait for the #RAGBRAI50 Route to be announced this weekend, we thought we would share some memories sent in by riders. 📸 These pics were sent from Scott Horsley from team No Pie Refused, one of our favorite pie-and-radio based teams! #RAGBRAI https://t.co/RAQ6Cwwy9W
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scott horsley
1 year ago: Friday Jan 27 - 8:51am
Spending on goods fell 1.6% between November and December, while spending on services rose 0.5%.
scott horsley
1 year ago: Friday Jan 27 - 8:49am
Prices rose 0.1% between November and December, while core prices rose 0.3%. Personal income rose 0.2% between November and December while personal spending fell 0.2%. The personal savings rate rose to 3.4%.
scott horsley
1 year ago: Friday Jan 27 - 8:47am
According to the Commerce Department's inflation yardstick, which is closely watched by the Federal Reserve, December prices were 5% higher than a year ago -- down from 5.5% annual inflation the month before. Excluding food and energy, "core" prices rose 4.4%.
scott horsley
1 year ago: Thursday Jan 26 - 9:15am
New claims for unemployment benefits fell again last week to 186,000 -- down 6,000 from the week before. However, the total number of people receiving jobless benefits continues to climb -- to 1.9 million as of 7 January.
scott horsley
1 year ago: Thursday Jan 26 - 8:34am
The US economy grew at an annual pace of 2.9% in the final months of 2022. That's a slight slowdown from the previous quarter, when GDP grew at an annual rate of 3.2%. The economy ended last year 1% larger than in the final months of 2021.https://t.co/MZOLguLulG
scott horsley
1 year ago: Wednesday Jan 25 - 5:37pm
@rag144 @WarTaxResister https://t.co/3GK79zcLD7 https://t.co/pVToeIFhuH
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scott horsley
1 year ago: Wednesday Jan 25 - 5:04pm
RT @nprscottsimon: So @scottdetrow @nprscottsimon @scotthensley & @HorsleyScott want to extend a heart congratulations to @ScottRolen27 for his elevation to the @baseballhall and making the name Scott cool for a day!
scott horsley
1 year ago: Tuesday Jan 24 - 5:43pm
@potatonewstoday https://t.co/5qgLYrShMT
scott horsley
1 year ago: Tuesday Jan 24 - 4:47pm
Seniors are projected to make up a growing share of the population. https://t.co/He6N6J0JOL
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scott horsley
1 year ago: Tuesday Jan 24 - 4:37pm
Congressional forecasters expect the US population to grow from 336 million to 373 million over the next three decades. Most of that growth is expected to come from immigration. https://t.co/4bQcimy62P
scott horsley
1 year ago: Monday Jan 23 - 5:24pm
Americans' commuting time was on the short end of the 27 countries studied. The international average of time saved each day was 72 minutes, with 40% reallocated to work, 34% to leisure, and 11% to caregiving.
scott horsley
1 year ago: Monday Jan 23 - 5:19pm
The researchers focused only on the time saved by not commuting, not other adjustments such as reduced grooming.
scott horsley
1 year ago: Monday Jan 23 - 5:18pm
Researchers found working from home instead of commuting saves the average American 55 minutes a day. 42% of that saved time is spent working; 8% on caregiving; and 35% on leisure. (Parents of younger children devote more saved time to caregiving.) https://t.co/PwBfVuhDFN
scott horsley
1 year ago: Sunday Jan 15 - 7:21pm
@davidcondos One of my Denver high school teachers, Jan Cambridge Lewis, calls Lindsborg home.
scott horsley
1 year ago: Friday Jan 13 - 11:34am
RT @KarenMracek: What will @AtlantaFed president @RaphaelBostic interrupt his dinner to talk about? The Fed’s dual mandate https://t.co/HLFFbWl1k4
scott horsley
1 year ago: Thursday Jan 12 - 5:24pm
Inflation is still eating away at people's pocketbooks. But at least now it's taking smaller bites. https://t.co/ecATqmwAYi https://t.co/M0Kpzm2SfQ
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scott horsley
1 year ago: Thursday Jan 12 - 10:19am
@TheLibGamer The price of "toys, games, hobbies, and playground equipment" dipped 0.1% between November and December, but is still up 3.5% over the last 12 months, per BLS.
scott horsley
1 year ago: Thursday Jan 12 - 10:04am
Notable price increases and decreases between November and December https://t.co/DGshZ8vBBI https://t.co/Q4qFcboj0B
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scott horsley
1 year ago: Thursday Jan 12 - 9:33am
New claims for unemployment benefits showed little change last week. 205,000 people applied for aid. As of Christmas Eve, 1.7 million people were receiving some form of unemployment assistance.
1 year ago: Friday Mar 31 - 9:29pm
RT @spoggioli1: Today is MY last day with @NPR after 41 years! I want to thank the most curious, attentive and loyal listeners a reporter could ever hope for and who traveled alongside me on a long, wild ride. Arrivederci!!! https://t.co/9oGAlBFdg2
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scott horsley
1 year ago: Friday Mar 31 - 1:55pm
Forecasters say the Social Security trust fund that supplements retirees' benefits will run dry a year sooner than predicted, due to slower economic growth. https://t.co/7b8aTNkAh4
scott horsley
1 year ago: Friday Mar 31 - 8:55am
"Core" inflation, which excludes volatile food and energy prices, was 4.6% in February, down from 4.7% the month before.
scott horsley
1 year ago: Friday Mar 31 - 8:53am
Spending on goods in February was unchanged from the month before while spending on services rose 0.2%. The personal savings rate increased to 4.6%.
scott horsley
1 year ago: Friday Mar 31 - 8:52am
Personal income rose 0.3% between January and February while personal spending rose 0.2%. Prices in February were 5% higher than a year ago -- a lower annual inflation rate than January's 5.3%, according to the Commerce Department yardstick which is closely watched by the Fed.
scott horsley
1 year ago: Thursday Mar 30 - 8:50am
Revised data show the US economy grew a little more slowly in the final months of 2022 than previously thought. GDP grew at an annual rate of 2.6% in the fourth quarter, not 2.7%. The revision reflects slightly weaker consumer spending and exports.
scott horsley
1 year ago: Thursday Mar 30 - 8:47am
New claims for unemployment benefits rose slightly last week. 198,000 people applied for jobless aid -- up 7000 from the week before but still low by historical standards. As of 11 March, 1.9 million people were receiving some form of unemployment assistance.
scott horsley
1 year ago: Wednesday Mar 29 - 6:44pm
RT @nprscottsimon: Confusion reigns on fam's Open Book. Scotts of NPR! @HorsleyScott @scottdetrow talk great reads and names! https://t.co/iv0cyLpeRg
scott horsley
1 year ago: Wednesday Mar 29 - 5:55pm
RT @nprscottsimon: Confusion reigns on fam's Open Book. Scotts of NPR! @HorsleyScott @scottdetrow talk great reads and carrying a great name! 6:15 pm et 3:15 pm pt Live right here! Questions craved and conveyed!
scott horsley
1 year ago: Tuesday Mar 28 - 3:46pm
https://t.co/JS3E98LWTn
scott horsley
1 year ago: Tuesday Mar 28 - 9:41am
@hanft I promise I spelled it that way. My pronouncer guide says it still sounds as if there's a U in there.
scott horsley
1 year ago: Thursday Mar 23 - 9:02pm
@gwryan913 Per Pantheon Macroeconomics’ @IanShepherdson smaller banks were already tightening lending standards even before the SVB meltdown. https://t.co/e0ocMscbrC
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scott horsley
1 year ago: Thursday Mar 23 - 2:19pm
Federal Reserve chairman Jerome Powell said this week that banks are likely to be more cautious about lending money in the wake of recent bank failures. That could limit economic growth. Is your business seeing any pullback in available credit? Drop me a note. shorsley@npr.org
scott horsley
1 year ago: Thursday Mar 23 - 8:45am
New claims for unemployment benefits were little changed last week. 191,000 people filed new applications for aid, 1,000 fewer than the week before. The job market remains tight. As of 4 March, 1.9 million people were receiving some form of jobless help.
scott horsley
1 year ago: Wednesday Mar 22 - 2:03pm
https://t.co/qizsw3rTk1
scott horsley
1 year ago: Wednesday Mar 22 - 8:07am
Nice to hear @radiobigtex in a dramatic reading this morning! https://t.co/F55lEFUQYz
scott horsley
1 year ago: Wednesday Mar 22 - 7:13am
@RichPreston I worry about what this portends for Talisker. https://t.co/F55lEFUQYz
scott horsley
1 year ago: Sunday Mar 19 - 1:35pm
RT @MKleinEF: Have we averted a #FinancialCrisis from #SVBCollapse? What does the rescue mean for risk-taking, bank regulation, how will this affect #FederalReserve #inflation fight? @greg_ip @BCAppelbaum @byHeatherLong & @HorsleyScott discuss in @EconoFactOrg podcast https://t.co/gfx8iS2GxL
scott horsley
1 year ago: Saturday Mar 18 - 8:24am
@iFrontierTravel @RAGBRAI_IOWA L to R: Jon “Smokey” Baer; Arnie Seipel, Tom Fudge, Danielle Kurtzleben, Camila Domonoske, Don Gonyea, Kyle Munson, Richard Harris, and me. Our Groucho friends are (l to r) Bill Danforth and Jeff, Craig, and Bob Birkby.
scott horsley
1 year ago: Thursday Mar 16 - 8:53am
Treasury Secretary Janet Yellen says the government is committed to protecting bank customers. In prepared testimony for the Senate Finance Committee today, Yellen details what she calls the government's "decisive and forceful" actions to shore up confidence in the banking system https://t.co/dpqaqRshwk
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scott horsley
1 year ago: Thursday Mar 16 - 8:47am
After a one-week uptick, new claims for unemployment benefits fell again: 192,000 last week, 20,000 fewer than the week before. However, the total number of people receiving jobless benefits has been inching up: just over 2 million as of 25 February.
scott horsley
1 year ago: Tuesday Mar 14 - 7:06pm
RT @WBEZreset: New data out today shows inflation continues to ease, but prices were still 6 percent higher this February than they were a year ago. What else can we learn from the Consumer Price Index report? NPR’s @HorsleyScott helps us make sense of the numbers. https://t.co/ccMXAZYZsD
scott horsley
1 year ago: Tuesday Mar 14 - 10:28am
Egg prices fell in February for the first time in 5 months. TVs also got cheaper, but streaming services cost more. https://t.co/wbMoXxRbOd https://t.co/O2d2ERjUoA
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scott horsley
1 year ago: Tuesday Mar 14 - 8:38am
Inflation cooled slightly last month, but the Federal Reserve is still on the hot seat, as it tries to bring prices under control without breaking the banking system. https://t.co/wbMoXxRbOd
scott horsley
1 year ago: Tuesday Mar 14 - 7:24am
Happy Pi Day @RAGBRAI_IOWA https://t.co/W5RLs66inS
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scott horsley
1 year ago: Monday Mar 13 - 4:21pm
The Federal Reserve is reviewing its oversight of Silicon Valley Bank, after the bank's failure. Results are due May 1. https://t.co/2Kz3w5jM81
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scott horsley
1 year ago: Friday Mar 10 - 6:00pm
By a margin of roughly 60/40, markets now expect a smaller, 1/4 pp rate hike at the next Fed meeting--thanks in part to moderating wage gains and a growing workforce in today's jobs report. But nothing is certain before next week's inflation report. https://t.co/qkshWLaz3w https://t.co/jiSw6D2Pyh
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scott horsley
1 year ago: Friday Mar 10 - 8:39am
US employers added 311,000 workers in February -- a modest slowdown from January. The unemployment rate rose to 3.6% as more than 400,000 people joined the workforce. https://t.co/o2zb8JRd0T
scott horsley
1 year ago: Friday Mar 10 - 5:13am
In advance of this morning's jobs report, betting markets are still leaning towards a 1/2 percentage point interest rate hike at the next Fed meeting, rather than a 1/4 point increase. But it's getting closer to a coin toss. https://t.co/KtAG8yKFGa https://t.co/9f4w8k1pEH
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scott horsley
1 year ago: Thursday Mar 9 - 8:54am
New claims for unemployment benefits rose last week to 211,000 -- 21,000 more than the week before. As of 18 Feb, just over 1.9 million people were receiving some form of jobless aid.
scott horsley
1 year ago: Wednesday Mar 8 - 10:31am
RT @evale72: This is a great piece from @SabrinaSiddiqui w/bad ass cameos from @tamarakeithNPR @KBeds https://t.co/ljKW4EbqRP
scott horsley
1 year ago: Tuesday Mar 7 - 3:43pm
https://t.co/wuZwdrMxUK
scott horsley
1 year ago: Tuesday Mar 7 - 3:42pm
Yesterday, betting markets put the odds of a quarter-point rate hike at the next Fed meeting at around 70%, with about 30% expecting a larger, half-point increase. After Fed chair Jerome Powell's testimony today, those probabilities have roughly reversed. https://t.co/Ly3STEpPRv
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scott horsley
1 year ago: Saturday Mar 4 - 12:26pm
RT @tomlobianco: Jonathan Salant, last New Jersey reporter on Capitol Hill, got laid off - The Washington Post https://t.co/SaXmb6cuUl
scott horsley
1 year ago: Thursday Mar 2 - 8:46am
New claims for unemployment benefits dipped slightly last week to 190,000 -- 2000 fewer than the week before. Layoffs remain rare in a tight job market. As of 11 February, just under 2 million people were receiving some form of jobless aid.
scott horsley
1 year ago: Wednesday Mar 1 - 5:21pm
Democratic Senators Joe Manchin (WV) and Jon Tester (MT), who represent states with big fossil fuel interests, joined GOP Senators in voting against the rule this afternoon.
scott horsley
1 year ago: Wednesday Mar 1 - 5:19pm
Government policy has toggled back and forth on this issue for decades. Social criteria for investment managers was OK'd on a limited basis in '94, discouraged in '08, re-approved in 2015, banned in 2020, and greenlighted a third time in the Biden administration.
scott horsley
1 year ago: Wednesday Mar 1 - 5:16pm
The Senate voted 50-46 this afternoon to repeal a Biden administration rule allowing retirement fund managers to weigh social and environmental factors when making investment decisions. President Biden has promised a veto, though, so the rule will likely survive.
scott horsley
1 year ago: Saturday Feb 25 - 9:20am
Despite high inflation, Americans are spending like crazy - https://t.co/j3mNbM6QId
scott horsley
1 year ago: Friday Feb 24 - 11:31am
That drop in personal taxes doesn't reflect a decline in taxes withheld from paychecks last month, but an EXPECTED decline in taxes--mostly capital gains taxes, after the stock market's weak performance last year. So the extra savings are concentrated among wealthy stock holders.
scott horsley
1 year ago: Friday Feb 24 - 9:01am
Even though personal spending grew faster than personal income last month, DISPOSABLE income and the savings rate rose, thanks to a 7.9% monthly drop in personal taxes.
scott horsley
1 year ago: Friday Feb 24 - 8:57am
Most of the jump in income results from wages and salaries. Social Security recipients also got an 8.7% cost of living increase last month. Other government benefits, such as the extended child tax credit, declined.
scott horsley
1 year ago: Friday Feb 24 - 8:54am
Spending on goods jumped 2.8% between December and January (including 5.5% on durable goods) while spending on services rose 1.3%.
scott horsley
1 year ago: Friday Feb 24 - 8:54am
January prices were 5.4% higher than a year ago, or 4.7% higher if you exclude volatile food and energy prices.
scott horsley
1 year ago: Friday Feb 24 - 8:53am
Personal income rose 0.6% in January, while personal spending jumped 1.8%. The personal savings rate was 4.7%, up from 4.5% in December. Prices rose 0.6% between December and January according to the Commerce Department's inflation yardstick, which is closely watched by the Fed.
scott horsley
1 year ago: Thursday Feb 23 - 9:32am
RT @NPR: A new bill proposed in Florida would ban the practices of cat declawing and animal testing for cosmetics as well as forbid dogs from hanging their heads out of windows and riding on their owner's lap. https://t.co/T2nKk69Myw
scott horsley
1 year ago: Thursday Feb 23 - 8:50am
The US economy grew a bit more slowly at the end of last year than originally reported. Revised figures show GDP expanded at an annual rate of 2.7% in the fourth quarter, rather than 2.9%. Consumer spending was a little weaker while business investment was a little stronger.
scott horsley
1 year ago: Thursday Feb 23 - 8:44am
New applications for unemployment benefits dipped again last week, to 192,000 -- 3,000 fewer than the week before. As of early February, just under 2 million people were receiving some kind of jobless aid.
scott horsley
1 year ago: Wednesday Feb 22 - 2:35pm
Among the economic risks the Fed is watching is the prospect of a drawn out Congressional fight over the debt ceiling. https://t.co/fVb1ewpd5p
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scott horsley
1 year ago: Wednesday Feb 22 - 2:34pm
Committee members noted that as shoppers become more price-sensitive, businesses may cut their profit margins, which would help to curb inflation. https://t.co/fKsNzDO155
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scott horsley
1 year ago: Wednesday Feb 22 - 2:33pm
Minutes from the Federal Reserve's most recent policy meeting show that while the vote for a 1/4 percentage point interest rate hike was unanimous, some members of the rate-setting committee were willing to go faster, and raise rates by 1/2 a point. https://t.co/bwm1aUY4nC https://t.co/aCS1qibZoA
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scott horsley
1 year ago: Wednesday Feb 22 - 9:01am
Congress often waits till the last minute to act. But when it comes to raising the debt limit, pinpointing the moment when the government will run short of cash and have to borrow more is not easy. Independent forecasters say the deadline is likely between summer and early fall. https://t.co/2TrcYrSPro
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scott horsley
1 year ago: Tuesday Feb 21 - 9:52am
RT @DaltonYork01: Listening to @planetmoney today, and I was shocked to hear a recording of a call I made to CSPAN when I was about ten years old! My southern accent was way stronger and I had no idea what I was talking about, but still a full-circle public media moment. https://t.co/9s7ubNhPHc
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scott horsley
1 year ago: Friday Feb 17 - 3:03pm
RT @SmokeonCars: Wholesale used vehicle prices (mix, mileage & seasonally adj) based on @Manheim_US Index increased 4.1% in first 15 days of Feb compared to full month of Jan leaving Index down 7.3% y/y. NSA price up 3.4%. Price growth accelerated in first half of Feb https://t.co/Tt0RVbz0FJ https://t.co/SwO6Mb7lF8
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scott horsley
1 year ago: Thursday Feb 16 - 8:46am
Still no sign of rampant layoffs in the weekly unemployment claims. Last week, 194,000 people filed new claims for jobless benefits -- 1,000 fewer than the week before. As of 28 Jan, 1.9 million people were receiving some form of unemployment assistance.
scott horsley
1 year ago: Wednesday Feb 15 - 8:55am
Big 3% jump in retail sales last month. Restaurant sales rose 7.2%. Auto sales up 6.4%. Department store sales up 17.5%. Grocery and gasoline sales basically flat. These numbers are not adjusted for inflation, but sales rose much faster than prices in January.
scott horsley
1 year ago: Tuesday Feb 14 - 9:49am
@RandomUser64234 Seasonal adjustments were also, uh, adjusted. That makes the slowdown in inflation last fall a bit less dramatic, but again, doesn't radically alter the story the numbers are telling: Inflation is high, but coming down, albeit slowly.
scott horsley
1 year ago: Tuesday Feb 14 - 9:47am
@RandomUser64234 I wouldn't say the way CPI is calculated has changed. The weights of different items in the basket were adjusted, which happens on a regular basis. The re-weighting hasn't significantly altered the inflation story line.
scott horsley
1 year ago: Tuesday Feb 14 - 9:44am
Consumer prices rose 0.5% between December and January, although not everything got more expensive. https://t.co/42Pcr7YXvJ https://t.co/lVQWWmR5WL
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scott horsley
1 year ago: Tuesday Feb 14 - 8:42am
Annual inflation cooled slightly in January -- to 6.4% from 6.5% the month before. Price hikes accelerated between December and January, thanks to rising costs for rent, food, and gasoline. https://t.co/42Pcr7Zvlh
scott horsley
1 year ago: Friday Feb 10 - 11:52am
Here's a playbook for saving on Super Bowl snacks. Hint: Party wings are XXVIII% cheaper this year than last. https://t.co/m5zuqe9fPv
scott horsley
1 year ago: Thursday Feb 9 - 3:27pm
RT @nprpolitics: President Biden wished congressional Republicans "lots of luck in your senior year" during his State of the Union speech — a taunt that had a lot of people wondering what, exactly, that meant. Here's an attempt: https://t.co/VUg35pfz2J
scott horsley
1 year ago: Thursday Feb 9 - 8:54am
New claims for unemployment benefits rose slightly last week to 196,000 -- up 13,000 from the week before but still low by historical standards. As of 21 Jan, 1.9 million people were receiving some form of jobless aid.
scott horsley
1 year ago: Saturday Feb 4 - 10:53am
@antarestrader LFP among prime-age men has slipped a bit: 88.5% in January, compared to 96% in May '69. But LFP among prime-age women is much higher now: 76.9% in January, compared to 48.8% in May '69.
scott horsley
1 year ago: Saturday Feb 4 - 10:51am
@antarestrader Good question! LFP is actually higher now: 62.4% in January compared to 59.8% in May of '69. Prime-age LFP was 82.7% in Jan, compared to 71.4% in May '69.
scott horsley
1 year ago: Saturday Feb 4 - 9:23am
Timely sales pitch: https://t.co/cl1znm3Z2X
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scott horsley
1 year ago: Saturday Feb 4 - 9:14am
Let the Sunshine In. At 3.4%, unemployment is the lowest it’s been since 1969, when that song was topping the Billboard charts. Friday’s jobs report shines in an otherwise hairy economy. https://t.co/4mw2liUW5Y
scott horsley
1 year ago: Saturday Feb 4 - 8:58am
Yo-yo car sales ensnare buyers in bad deals. Will the FTC crack down on dealers? Crazy investigative story from @Chris_ArnoldNPR https://t.co/fciEHYRs92
scott horsley
1 year ago: Friday Feb 3 - 8:57pm
RT @SusanPage: Congrats to @evanvucci of the @AP, elected today to the Gridiron Club, the oldest association of journalists in Washington. He is the club's 534th member and the first one in its 138-year history who is a photographer. Because we decided this picture thing is here to stay.
scott horsley
1 year ago: Friday Feb 3 - 8:30pm
RT @WaffleHouse: @thorotonbrewer @MatthewCappucci Congrats! @MatthewCappucci
scott horsley
1 year ago: Friday Feb 3 - 9:15am
Economist Ian Shepherdson warned to "expect the unexpected" from this morning's jobs report. He was right. https://t.co/SElCgCD9g0 https://t.co/lI68jhaCwL
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scott horsley
1 year ago: Friday Feb 3 - 8:43am
Upside surprise: US employers add more than half a million jobs in January, as the unemployment rate dips to lowest level since 1969. https://t.co/SElCgCCBqs
scott horsley
1 year ago: Thursday Feb 2 - 9:40am
New claims for unemployment benefits dipped slightly last week to 183,000 — down 3000 from the week before. The total number of people receiving jobless aid in mid-January was little changed: just under 1.9 million.
scott horsley
1 year ago: Wednesday Feb 1 - 6:52pm
In a list of economic variables it's watching, the Federal Reserve's rate-setting committee dropped a reference to public health. Chairman Jerome Powell, who tested positive for COVID last month, says people are learning to live with the pandemic. https://t.co/Sn6m8Ih5RQ https://t.co/JJ4C44tBq1
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scott horsley
1 year ago: Wednesday Feb 1 - 6:40pm
The Federal Reserve raises interest rates by a quarter percentage point. Although inflation has cooled in recent months, Fed officials are not yet confident that prices are under control. https://t.co/Sn6m8Ih5RQ https://t.co/jHrnJdyTxG
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scott horsley
1 year ago: Wednesday Feb 1 - 2:09pm
https://t.co/Sn6m8Ih5RQ
scott horsley
1 year ago: Tuesday Jan 31 - 9:46am
As crunch time nears for states in the Colorado River basin to adjust to falling water levels, here's my periodic plug for the NPR acre-feet T-shirt. https://t.co/j7BJ2Ekaq7 https://t.co/RF4nVoZyfA
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scott horsley
1 year ago: Tuesday Jan 31 - 8:55am
Wage growth slowed in the final months of last year, which should be reassuring to the Federal Reserve as it tries to bring down inflation. The Labor Department says private-sector wages rose 1% in the fourth quarter, down from 1.2% in the previous three months.
scott horsley
1 year ago: Monday Jan 30 - 4:34pm
https://t.co/PorwpEI4PC
scott horsley
1 year ago: Monday Jan 30 - 1:09pm
I vividly remember reading this story when it first appeared. So grateful that the author -- and we -- were granted 26+ more years. https://t.co/BEdvNMvypS
scott horsley
1 year ago: Friday Jan 27 - 3:58pm
RT @RAGBRAI_IOWA: You Want a Piece of This!? As we wait for the #RAGBRAI50 Route to be announced this weekend, we thought we would share some memories sent in by riders. 📸 These pics were sent from Scott Horsley from team No Pie Refused, one of our favorite pie-and-radio based teams! #RAGBRAI https://t.co/RAQ6Cwwy9W
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scott horsley
1 year ago: Friday Jan 27 - 8:51am
Spending on goods fell 1.6% between November and December, while spending on services rose 0.5%.
scott horsley
1 year ago: Friday Jan 27 - 8:49am
Prices rose 0.1% between November and December, while core prices rose 0.3%. Personal income rose 0.2% between November and December while personal spending fell 0.2%. The personal savings rate rose to 3.4%.
scott horsley
1 year ago: Friday Jan 27 - 8:47am
According to the Commerce Department's inflation yardstick, which is closely watched by the Federal Reserve, December prices were 5% higher than a year ago -- down from 5.5% annual inflation the month before. Excluding food and energy, "core" prices rose 4.4%.
scott horsley
1 year ago: Thursday Jan 26 - 9:15am
New claims for unemployment benefits fell again last week to 186,000 -- down 6,000 from the week before. However, the total number of people receiving jobless benefits continues to climb -- to 1.9 million as of 7 January.
scott horsley
1 year ago: Thursday Jan 26 - 8:34am
The US economy grew at an annual pace of 2.9% in the final months of 2022. That's a slight slowdown from the previous quarter, when GDP grew at an annual rate of 3.2%. The economy ended last year 1% larger than in the final months of 2021.https://t.co/MZOLguLulG
scott horsley
1 year ago: Wednesday Jan 25 - 5:37pm
@rag144 @WarTaxResister https://t.co/3GK79zcLD7 https://t.co/pVToeIFhuH
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scott horsley
1 year ago: Wednesday Jan 25 - 5:04pm
RT @nprscottsimon: So @scottdetrow @nprscottsimon @scotthensley & @HorsleyScott want to extend a heart congratulations to @ScottRolen27 for his elevation to the @baseballhall and making the name Scott cool for a day!
scott horsley
1 year ago: Tuesday Jan 24 - 5:43pm
@potatonewstoday https://t.co/5qgLYrShMT
scott horsley
1 year ago: Tuesday Jan 24 - 4:47pm
Seniors are projected to make up a growing share of the population. https://t.co/He6N6J0JOL
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scott horsley
1 year ago: Tuesday Jan 24 - 4:37pm
Congressional forecasters expect the US population to grow from 336 million to 373 million over the next three decades. Most of that growth is expected to come from immigration. https://t.co/4bQcimy62P
scott horsley
1 year ago: Monday Jan 23 - 5:24pm
Americans' commuting time was on the short end of the 27 countries studied. The international average of time saved each day was 72 minutes, with 40% reallocated to work, 34% to leisure, and 11% to caregiving.
scott horsley
1 year ago: Monday Jan 23 - 5:19pm
The researchers focused only on the time saved by not commuting, not other adjustments such as reduced grooming.
scott horsley
1 year ago: Monday Jan 23 - 5:18pm
Researchers found working from home instead of commuting saves the average American 55 minutes a day. 42% of that saved time is spent working; 8% on caregiving; and 35% on leisure. (Parents of younger children devote more saved time to caregiving.) https://t.co/PwBfVuhDFN
scott horsley
1 year ago: Sunday Jan 15 - 7:21pm
@davidcondos One of my Denver high school teachers, Jan Cambridge Lewis, calls Lindsborg home.
scott horsley
1 year ago: Friday Jan 13 - 11:34am
RT @KarenMracek: What will @AtlantaFed president @RaphaelBostic interrupt his dinner to talk about? The Fed’s dual mandate https://t.co/HLFFbWl1k4
scott horsley
1 year ago: Thursday Jan 12 - 5:24pm
Inflation is still eating away at people's pocketbooks. But at least now it's taking smaller bites. https://t.co/ecATqmwAYi https://t.co/M0Kpzm2SfQ
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scott horsley
1 year ago: Thursday Jan 12 - 10:19am
@TheLibGamer The price of "toys, games, hobbies, and playground equipment" dipped 0.1% between November and December, but is still up 3.5% over the last 12 months, per BLS.
scott horsley
1 year ago: Thursday Jan 12 - 10:04am
Notable price increases and decreases between November and December https://t.co/DGshZ8vBBI https://t.co/Q4qFcboj0B
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scott horsley
1 year ago: Thursday Jan 12 - 9:33am
New claims for unemployment benefits showed little change last week. 205,000 people applied for aid. As of Christmas Eve, 1.7 million people were receiving some form of unemployment assistance.