Friday, May 06, 2005

Quick Overview

  • U.S. Nonfarm payroll employment rose a stronger than expected 274,000 in April, and the unemployment rate held at 5.2 percent. Jobs in the previous two months were revised up by a total 93,000. Stock traders seem to interpret much stronger-than-expected Apr. job growth as a sure sign that the Fed will continue raising interest rates.

  • Tokyo's food safety commission said it would recommend the government waive mad cow disease tests for cattle younger than 21 months, a move toward lifting the ban on American beef imports to Japan.

  • Study finds decline in global press freedom .. USA is ranked 24th

  • Canada's unemployment rate fell from 6.9% to 6.8% in April, the lowest in over four years.

  • Manufacturing orders in Germany were up 2.2% in March, stronger than expected.



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