Tuesday, May 21 2013 8:00 PM EDT2013-05-22 00:00:18 GMT
LAS VEGAS -- Clark County students experience some the largest classes in the country. And while that overcrowding is expected to decrease by one or two students, the vast majority of kids won't see anyMore>>
Clark County students experience some the largest classes in the country. Although the overcrowding is expected to decrease by one or two students next year, the vast majority of kids won't see any significant change.More>>
Tuesday, May 21 2013 8:05 PM EDT2013-05-22 00:05:29 GMT
LAS VEGAS -- Metro Police are investigating a crash involving a teenager who was hit by a vehicle. According to police, the victim was walking on a sidewalk at about 2:50 p.m. Tuesday near Tropicana AvenueMore>>
Metro Police are investigating an incident where a teenager was clipped by a truck's side mirror.More>>
Tuesday, May 21 2013 8:04 PM EDT2013-05-22 00:04:36 GMT
LAS VEGAS -- Metro Police are investigating the discovery of a deceased person in a home in northwest Las Vegas. According to Metro, a person arrived at the home in the 8000 block of Green Pasture AvenueMore>>
Metro Police are investigating the discovery of a deceased person in a home in northwest Las Vegas.More>>
Tuesday, May 21 2013 7:55 PM EDT2013-05-21 23:55:25 GMT
LAS VEGAS -- The ratio of students to teachers in the Clark County School District from first through fifth grade and the ratio of students to classes in kindergarten gradually improved toward the endMore>>
The ratio of students to teachers in the Clark County School District from first through fifth grade and the ratio of students to classes in kindergarten gradually improved toward the end of the last decade but worsened after the 2009-2010 school year.More>>
Tuesday, May 21 2013 6:45 PM EDT2013-05-21 22:45:27 GMT
LAS VEGAS -- The deadly tornado in Oklahoma is bringing back some bad memories for one woman who now calls Las Vegas her home. Stephanie McGregor is originally from Moore, Oklahoma and lived there whenMore>>
The deadly tornado in Oklahoma is bringing back some bad memories for one woman now living in Las Vegas.More>>
Tuesday, May 21 2013 6:04 PM EDT2013-05-21 22:04:40 GMT
LAS VEGAS -- Las Vegas Urology agreed to pay the Justice Department $1 million to resolve civil allegations that it improperly billed Medicare, TRICARE, and other federal health care insurance programs,More>>
Las Vegas Urology agreed to pay the Justice Department $1 million to resolve civil allegations that it improperly billed Medicare, TRICARE, and other federal health care insurance programs, Nevada's U.S. Attorney Daniel Bogden said Tuesday.More>>
Tuesday, May 21 2013 5:30 PM EDT2013-05-21 21:30:00 GMT
LAS VEGAS -- After his 15-year-old son was killed during a robbery last week, Ivan Arenas said he is trying to live the life his son would have wanted. According to police, Marcos Arenas, 15, was killedMore>>
After his 15-year-old son was killed during a robbery last week, Ivan Arenas said he is trying to live the life his son would have wanted.More>>
Tuesday, May 21 2013 3:52 PM EDT2013-05-21 19:52:47 GMT
LAS VEGAS -- Tina Kunzer-Murphy has been appointed as the interim athletic director for UNLV. "Tina Kunzer-Murphy has agreed to step into the role of interim athletic director on the heels of Jim Livengood'sMore>>
Tina Kunzer-Murphy has been appointed as the interim athletic director for UNLV.More>>
Tuesday, May 21 2013 3:10 PM EDT2013-05-21 19:10:27 GMT
LAS VEGAS -- Metro Police has released photos of an 18-year-old man wanted in connection with the death of Dale Borero, who was shot in the 2800 block of Fremont Street on April 19. Police are seekingMore>>
Metro Police has released photos of an 18-year-old man wanted in connection with the death of Dale Borero, who was shot in the 2800 block of Fremont Street on April 19.More>>
WASHINGTON -- The number of people seeking unemployment benefits dropped last week to the lowest level since early April, a sign the job market may be healing after a recent slump.
The Labor Department said Thursday that weekly applications fell 24,000 to a seasonally adjusted 398,000. That's the first time applications have fallen below 400,000 in 16 weeks. The four-week average, a less volatile measure, dropped to 413,750, the lowest since the week of April 23. Stocks rose slightly after the report was released. Economists cautioned that the lower level only reflects one week of data and that doesn't necessarily signal a trend.
The drop "is clearly good news," said Joshua Shapiro, an economist at MFR Inc. Still, "we would prefer to see further data before concluding that the earlier downtrend in claims is being re-established." Applications had fallen in February to 375,000, a level that signals healthy job growth. But they then surged to an eight-month high of 478,000 in April and have declined only slowly since then. Some of the drop likely reflects seasonal volatility.
Applications were elevated earlier this month partly because of temporary layoffs in the auto and other manufacturing industries, which are ending. Many auto companies close their factories in early July to prepare for new models. The total number of people receiving benefits, meanwhile, dipped to 3.7 million. That doesn't include millions of people receiving extended benefits under emergency programs enacted during the recession. All told, 7.65 million people received benefits in the week ended July 9, the latest data available.
The number of people seeking benefits remains higher than would be expected in a healthy economy. Consumers are holding back on spending because of stagnant wages, high unemployment and tight credit. That's restraining economic growth. Analysts forecast that the economy grew in the April-June quarter by an annual rate of only 1.7 percent, the second straight quarter of anemic expansion. The government reports on second-quarter growth Friday.
Hiring has slowed in recent months. The economy added only 18,000 net jobs in June. That's the fewest in nine months and below the average of 215,000 jobs per month that the economy added from February through April. The unemployment rate rose to 9.2 percent last month, the highest level of the year. Manufacturing had been a bright spot in the economy since the recession ended two years ago. But it has stumbled in recent months. Orders for long-lasting manufactured goods fell 2.1 percent in June, the Commerce Department said Wednesday. It was the second drop in three months. Economists had expected orders to increase, noting that temporary constraints have eased. In particular, gas prices have come down slightly since peaking in the spring. But manufacturing output has also been slowed by the Japan earthquake, which has disrupted global supply chains and created a parts shortage in the auto and electronics industries.
Federal Reserve Chairman Ben Bernanke and many private economists expect growth to pick up in the second half of this year, predicting those temporary factors will fade. Gas prices, for example, averaged $3.70 a gallon on Wednesday, down from their peak of nearly $4 in early May. But some are growing more concerned that the economy's weakness will persist. The Fed said Wednesday that its survey of economic activity found growth slowed in eight of its 12 regions in June and early July. The report, known as the Beige Book, was the weakest this year.
Many economists are becoming more pessimistic about the second half of this year. Goldman Sachs recently cut its estimate for growth in the July-September period to 2.5 percent, down from 3.25 percent. JPMorgan, meanwhile, reduced its estimate to 2.5 percent from 3 percent. Growth of about 2.5 percent is barely enough to reduce the unemployment rate.
The economy would need to grow 5 percent for a whole year to bring down the rate by one percentage point.
(Copyright 2011 by The Associated Press. All Rights Reserved.)