Rise in layoffs, gas prices cloud hiring outlook - Yahoo! Finance: "WASHINGTON (AP) -- A renewed rise in layoffs is the latest sign that higher fuel prices may be slowing the economy.
A 23 percent spike in applications for unemployment benefits over the past month suggests that hiring may look weaker when the government issues the April jobs report Friday.
Oil prices plummeted Thursday to settle below $100 a barrel for the first time since mid-March. The decline follows a turbulent stretch in which oil rose 35 percent from mid-February through the end of April. Still, the plunge in oil may be enough only to keep pump prices from reaching a national average of $4 per gallon"
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