On Friday, April 4, 2008, in Singapore the U.S. Dollar was steady against major currencies, as traders anxiously await the release of March job data later expected to be released later today in the United States. Many economists predict that non-farm jobs will drop by at least 50% and that the unemployment rate will be 5% compared to 63,000 job losses reported in February and an unemployment rate of 4.8%. According to recent data, the weekly jobless claims increased by 407,000, which is a two year high. This increase suggests greater job losses than expected.