On the Watch: Unemployment rate expected to rise

Comments 0
Rating Unrated (0)

EMAIL
PRINT
RSS
SHARE
TEXT SIZE: A A A

By AP
01 May 2008 @ 05:39 pm ET

NEW YORK - Friday's jobs report will be watched closely by investors, as unemployment for April is expected to tick higher.

Quotes

CRP

25.21

0.17

Weekly initial jobless claims are mounting, and the broad unemployment rate is expected to reach a three-year high, as measured by the Bureau of Labor Statistics.

The job market in the construction, finance, retail and manufacturing sectors weakened in the month, according to Credit Suisse analyst Jonathan Basile. A softening job market tends to weigh on consumer spending.

Copyright 2009 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Click!

Rate this article:

EMAIL
PRINT
RSS
SHARE
TEXT SIZE: A A A

Comments

Post Your Comment

More News

Obama calls jobless rise "sobering"

U.S. OKs two more import probes versus China

Former WorldPay boss keen to buy RBS WorldPay

Popular

Rated

RSS

See Complete List >>

- Where to get tickets to Yankee Parade 2009? (Schedule,Maps)
  The New York City will give 500 tickets for the ceremony on Thursday from 2:00 p.m. to 4:00 p.m. EST.

Yankees Parade Route announced officially
#1 Article on UK Telegraph Website: No Respect, No Morals, No Trust - Welcome to Modern Britain
Steve Jobs named 'CEO of the Decade' by Fortune
Motorola basking in Droids limelight
Tech Round Up: Motorola Droid and HTC Droid Eris go on sale, Steve Jobs is 'CEO of the Decade'
Why are people buying the Motorola Droid?

RSS

See Complete List >>

More Industries

Berkshire reinsurance volume limited by Burlington

Warren Buffett's Berkshire Hathaway Inc said it plans to limit the amount of business underwritten by its reinsurance operations, as it prepares to spend...

Shell to pay $19.5 mln for California violations

California was awarded $19.5 million in a settlement against Royal Dutch Shell Plc's U.S. unit for not storing fuel properly at filling stations in the s...

Citigroup says new rules may hit securitization

Citigroup Inc said on Friday that new accounting rules for securitization trusts may prevent the bank from funding some of its assets with a top debt rat...