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UPI: Markets drop on employment data
 
NEW YORK, Aug. 5 (UPI) -- U.S. markets fell early Thursday after the Labor Department said 19,000 additional first-time jobless claims were filed in the week.

The data was released a day in advance of the government's more complete monthly employment report. Economists predict that report will show an increase in the unemployment rate from 9.5 percent to 9.6 percent.

In midmorning trading, the Dow Jones industrial average shed 36.33 points, 0.34 percent, to 10,644.10. The Standard & Poor's 500 index lost 5.06 points, 0.45 percent, to 1,122.18. The Nasdaq composite index dropped 0.65 percent, 14.87 points, to 2,288.70.

The benchmark 10-year U.S. Treasury note rose 13/32 to yield 2.908 percent.

The euro fell to $1.2149 from Wednesday's $1.3164. Against the yen, the dollar fell to 85.84 from Wednesday's 86.33 yen.

In Japan, the Nikkei 225 index rose 1.73 percent, 164.58, to 9,653.92.

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