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Inflation Was In Check Last Month; Jobless Claims Jumped Last Week

Gasoline prices at a station in Encinitas, Calif., earlier this week.
Mike Blake
/
Reuters /Landov
Gasoline prices at a station in Encinitas, Calif., earlier this week.

Consumer prices were flat in January, . But a driving force behind that good news has reversed itself since then. According to BLS, gasoline prices fell 3 percent last month. In February, though, . So watch for next month's BLS report on consumer prices to tell a different story.

Also this morning, that the number of first-time claims for jobless benefits rose by 20,000 last week, to 362,000. The increase .

For the most part, the number of weekly claims has stayed within a range of 350,000 to 400,000 since the fall of 2011. They've been another in a series of signs that the U.S. labor market is only slowly recovering from the 2007-09 recession.

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Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.
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