NEW YORK (AP) — The dollar is sliding against the euro Thursday as a government jobs report underscores worries about weakening momentum in the labor market.
In afternoon trading in New York, the euro rose to $1.4425 from $1.4374.
While employers added jobs at the fastest pace in five years from February to April, economists expect that a report due out Friday will show weakening job additions in May. Several economists have cut their expectations for economic growth.
On Thursday, the Labor Department said the number of new applications for unemployment benefits dropped to a seasonally adjusted 422,000. Economists say applications need to fall below 375,000 for …
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