OBAMA'S DREAM COMING TRUE - A DEVALUED DOLLAR, DESTROYED ECONOMY and UNEMPLOYMENT

Dollar Resumes Slide As US Jobless Claims Jump, GDP Shows Slowdown

• Submitted by Asst Natl Dir Mellie B on April 28, 2011 at Patriot Action Network 

• APRIL 28, 2011, 9:06 A.M. ET

By Stephen L. Bernard 
   Of 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.
At the same time, gross domestic product rose at a modest 1.8% pace in the first quarter, matching economists' forecasts. However, the pace of expansion is much weaker than it was at the end of 2010, when the economy was growing at 3.1% pace.

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