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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?


To: Julius Wong who wrote (3635)4/6/2001 7:38:14 AM
From: Julius Wong  Read Replies (1) | Respond to of 4916
 
WASHINGTON, April 5 (Reuters) - The number of Americans
signing up for first-time jobless benefits rose last week to
its highest level in more than two and a half years, the
government said on Thursday, and the number who have claimed
more than a week of benefits is hovering at levels not seen in
four years.

The weekly Labor Department data, together with a separate
industry survey, showed the once drum-tight U.S. job market
continuing to loosen amid a sharp slowdown in economic growth.
The reports came a day before Labor issues its intensely
awaited report on March employment, a key factor in the Federal
Reserve's calculations as it weighs its next move on interest
rates.

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