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Baytown Sun in Baytown, Texas

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Newspaper

Baytown Sun

Location

Baytown, Texas, United States of America

Date

May 03, 2003

Page

12

Unemployment rate hits 6 percent in April downturn

The U S unemployment rose to six percent in April, the rate at an eight year high as payrolls fell by 48 000 and 8 8 million remained unemployed. Manufacturing airlines and retail bore the heaviest cuts while optimism surfaces from lower gasoline prices and a firmer stock market.

Washington Labor Department David Rosenberg Menill Lynch Commerce Department Ken Mayland ClearView Economics Cleveland Mayland Bush President Bush Ed Markey D-Mass Congress White House Ari Fleischer California

Stocks surge as optimism lifts Nasdaq and Dow on mixed jobs data

The Nasdaq ended at its highest in 10 months as investors cheered factory orders and cautious optimism about a rebound. Dow gains 128.43 and S&P 500 climbs while unemployment rose to 6 percent in April. Airline stocks rise after Merrill Lynch upgrade.

New York Merrill Lynch Standard & Poor Dow Jones Richard Nash Victory Capital Management S&p Dow Labor Department Commerce Department U.S Nash Wall Street John C. Forelli Independence Investments Boston Tin General Continental Delta American Airlines AMR ChevronTexaco

Oil futures end lower after weak rally attempt

New York crude futures closed down as an early rally faltered and trading volume remained light. June crude eased to 25.67 a barrel after peaking near 26.60, with gasoline and heating oil also slipping amid lingering oversupply concerns linked to OPEC output cuts taking effect June 1.

Nyse Amex Stonhwaba Alstom Arhyth HLM Ds GenBear FleetEn Benip Yib Nissout cilAir Margne Fintrair Unitevi Palatin Tnlegey Unilewer HiSheart Mailyel Baylake Microsoft Lucan Djiadian Cisco AG Pfizer Oracle iShjapan Tycomat NEW York New York Mercantile Exchange London International Petroleum Exchange North Sea Nymex Tim Evans IFR Pegasus Organization of Petroleum Exporting Countries OPEC Iraq Alvaro Silva

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