Dollar Resumes Slide As US Jobless Claims Jump, GDP Shows Slowdown by Stephen L. Bernard, Dow Jones Newswires
NEW YORK (Dow Jones)-- The dollar didn't need any more bad news, but got it Thursday. The U.S. currency was pushed down further after economic indicators pointed to a dismal employment picture and slowing economic growth.
First-time claims for unemployment benefits jumped by 25,000 to 429,000, indicating employers might have recently slowed their hiring recently. Economists were expecting claims to fall to 395,000.