Saturday, May 25 2013 11:58 PM EDT2013-05-26 03:58:41 GMT
A day after the deadly tornado ripped through Moore, Oklahoma a Red Cross response team from Lake Charles rolled into ground zero. "We got here on Tuesday morning. Tuesday morning at about 7:30 in theMore >>
A local woman is among a group of Red Cross volunteers from Lake Charles in Moore, Oklahoma. While she's been on many disaster recovery trips she said this one has taking on a personal meaning.More >>
Saturday, May 25 2013 8:31 PM EDT2013-05-26 00:31:47 GMT
Lake Charles Police are investigating an a second armed robbery this month at the Subway restaurant on Ryan Street. The latest incident happened Friday around 9:08 p.m. Employees told police a blackMore >>
Lake Charles Police are investigating an a second armed robbery this month at the Subway restaurant on Ryan Street. The latest incident happened Friday at 9:08 p.m.More >>
Saturday, May 25 2013 7:18 PM EDT2013-05-25 23:18:04 GMT
The Lake Arthur Regatta brought in many people to enjoy the music, food and fun, especially boaters out on the lake. But it's all about keeping this fun time a safe one. "We'll have around 200 volunteersMore >>
Keeping an eye on those having fun on the water. More >>
Friday, May 24 2013 11:20 PM EDT2013-05-25 03:20:27 GMT
For a family in Lake Charles, one phone call changed everything. The aftermath of the Moore, Okla. tornado revealed the loss of a loved one. One of the children who died at a school destroyed by the tornadoMore >>
A family in Lake Charles mourns the loss of a young relative in the Moore, Oklahoma tornado.
Friday, May 24 2013 8:43 PM EDT2013-05-25 00:43:00 GMT
The Vernon Parish Sheriff's Office is looking for a bank robbery suspect. The Vernon Bank branch on Colony Boulevard in New Llano was robbed Thursday afternoon. Investigators say a black male subjectMore >>
The Vernon Bank branch on Colony Boulevard in New Llano was robbed Thursday afternoon.More >>
Local News, Weather, Traffic, Sports, Stocks, Movies on your Cell PhoneMore >>
Get local news, weather, sports, and video on your mobile device.More >>
WASHINGTON (AP) - The number of Americans seeking unemployment aid fell to a five-year low last week, a hopeful sign the job market is healing. But much of the decline reflects seasonal volatility in the data.
Weekly unemployment benefit applications fell 37,000 to a seasonally adjusted 335,000, the Labor Department said Thursday. That's the lowest level since January 2008, just after the recession began.
The four-week average, a less volatile measure, fell to 359,250.
The applications data can be uneven in January. Job cuts typically spike in the second week of the month as retailers, restaurants and other companies lay off temporary workers hired for the winter holidays.
Last week, the layoffs weren't as large as expected, a department spokesman said. That caused a steep drop in the seasonally adjusted data.
Overall, applications remain at a level that suggests employers are hiring at a slow but steady pace. Applications fluctuated between 360,000 and 390,000 for most of last year. At the same time, employers added an average of 153,000 jobs a month.
That's just been enough to slowly push down the unemployment rate, which fell 0.7 percentage points last year to 7.8 percent.
Employers added 155,000 jobs last month, nearly matching the average for the year. December's steady job gain suggests employers didn't cut back on hiring in the midst of the debate over the tax and spending changes known as the fiscal cliff. Many economists feared that the prospect of higher taxes and steep cuts in federal spending would cause a slowdown in job gains.
That's a good sign, since more budget showdowns are expected. Congress must vote to raise the government's $16.4 trillion borrowing limit by sometime between mid-February and early March. If not, the government risks defaulting on its debt. Republicans will likely demand deep spending cuts as the price of raising the debt limit.
The overall economy grew at an annual rate of 3.1 percent in the July-September quarter. But economists believe activity slowed considerably in the October-December quarter to a rate below 2 percent or less, in part because companies cut back on restocking. (Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)