NewsMine — economy — united-states — 2004 — 2004-apr-may — Viewing Item

Big drop in us job claims Original Source Link: (May no longer be active)    http://www.forbes.com/personalfinance/funds/newswire/2004/05/06/rtr1361430.html http://www.forbes.com/personalfinance/funds/newswire/2004/05/06/rtr1361430.html Dollar firms after big drop in US jobless claims Reuters, 05.06.04, 8:42 AM ET NEW YORK, May 6 (Reuters) - The dollar firmed against the euro on Thursday after the number of Americans filing initial jobless claims dropped steeply in the latest week. The U.S. Labor Department said first-time claims for state unemployment benefits fell to 315,000 from 340,000 in the week ended May 1. Economists had forecast claims to reach 335,000. In early morning New York trade, the euro initially slipped to around $1.2104 according to Reuters data, down from $1.2120 shortly prior to the report's release, and down about 0.4 percent on the day. The weekly jobless data are being closely watched by currency traders ahead of the monthly U.S. non-farm payrolls report on Friday. This report will be viewed as possible confirmation of March's powerful job creation which raised expectations for a Federal Reserve interest rate hike later this year. A Reuters consensus forecast puts April's payrolls increase at 173,000 versus the previous month's 308,000. Copyright 2004, Reuters News Service

Asain stocks plunge on rate hike fears Bank of america cuts 12k jobs Big drop in us job claims Bubbling us inflation boosts talk of fed rate rise Buffet warns inflation heating up { May 3 2004 } Bush job growth helped by supermarket strike ending { April 3 2004 } Consumer prices rise heightening inflation concern { April 14 2004 } Consumer prices rise more than expected causing inflation Dollar slide as job claims less than forecast Dow slumps below 10 thousand Fired workers train their replacements in india { April 6 2004 } Four hundred thousand gave up looking in february { March 11 2004 } Greenspan reiterates stern deficit warning { May 6 2004 } Greenspan warns of deficit as big threat to economy { May 7 2004 } Homeless vets of iraq { April 24 2004 } IMF warns housing prices asset bubble { April 23 2004 } Inflationary pressures build Lower market blamed on job growth { May 7 2004 } Markets falter amid fears over us rate rise { May 10 2004 } Military families on food stamps Milk prices expectd to drop to normal Mortgage applications drop as home buying slows Pay in england grows as unemployment falls { April 16 2004 } Stocks bond gold sink on china fears Stocks fall on good jobs report Stocks hit 2004 lows Summer teen jobs scarce Trade deficit widens as follar falls Unemployment rise 30 thousand april week { April 16 2004 } Us trade deficit hits record as imports increase Weak dollar oil prices shatter the global economy { March 24 2004 } Files Listed: 31

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