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The Two-Way
9:01 am
Thu March 13, 2014

Weekly Jobless Claims Touch 3-Month Low

Originally published on Thu March 13, 2014 10:41 am

There were 315,000 first-time claims filed for unemployment benefits last week, the Employment and Training Administration says.

That's down 9,000 from the previous week and marks a three-month low.

So for the second straight week, there's at least modestly good news to report about the labor market.

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Business
8:49 am
Thu March 13, 2014

Overtime Pay Proposal Triggers A New Debate About Wages

Economists are divided about the White House plan to boost overtime pay for workers.
Doug Finger Gainesville Sun/Landov

Originally published on Thu March 13, 2014 2:56 pm

On Thursday, President Obama rolled out his plan for strengthening overtime pay protections for millions of workers. In his view, if more workers got fatter paychecks, they could spend more and stimulate the economy.

But if his critics are right, then employers would end up laying off workers to make up for the higher wage costs. And that would hurt the already painfully slow recovery.

Which scenario is right?

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The Two-Way
8:22 am
Thu March 13, 2014

Death Toll From NYC Explosion Stands At 8, May Go Higher

Two buildings collapsed in Harlem on Wednesday after an explosion and fire. Authorities say there were reports of a gas leak shortly before the blast.
Jeremy Sailing AP

Originally published on Thu March 13, 2014 7:23 pm

This post was updated at 7:22 p.m. ET.

Rescue workers in New York pulled an eighth body out the smoldering rubble of two Harlem buildings that collapsed because of a gas explosion that also injured more than 70 people.

Unfortunately, according to NBC New York, not everyone has been accounted for: Crews are still looking for three people who remain missing.

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The Two-Way
7:48 am
Thu March 13, 2014

'Bodies Went Flying' As Car Tore Through Crowd At SXSW

Bystanders rushed to help those who were struck by a vehicle early Thursday on Red River Street in Austin, which was crowded with people headed to South by Southwest events.
Jay Janner/Austin American-Statesman MCT/Landov

Originally published on Thu March 13, 2014 8:51 pm

This post has been updated. Click here to jump to that news.

Revelry turned to horror early Thursday "after a car plowed through South by Southwest crowds in Downtown Austin," KUT reports.

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