MW: Dollar jumps as job losses worsen in September
By Nick Godt
NEW YORK (MarketWatch) -- The dollar firmed against major counterparts on Friday, after the government said the economy shed 263,000 jobs in September, worse than economists expected. The dollar index, which measures the U.S. unit against a basket of major currencies, stood at 77.457 compared with 77.221 ahead of the report. The unemployment rate rose to a 26-year high of 9.8% in September. Economists surveyed by MarketWatch expected a smaller payroll loss of 167,000, and an unemployment rate of 9.8%.
