US STOCKS-Futures pare losses on strong jobless claims, consumer spending data
* Jobless claims lowest since 2000
* Consumer confidence rise in March
* Colgate, BorgWarner cite strong dollar
* Futures down: Dow 35 pts, S&P 4.25 pts, Nasdaq 20.5 pts (Adds details, comment, updates prices)
By Tanya Agrawal
April 30 (Reuters) - U.S. stock futures pared back some losses from earlier in the day on Thursday after data showed jobless claims fell to a 15-year low and consumer spending rose in March, suggesting the economy was regaining some momentum after slowing to a crawl in the first quarter.
The number of Americans filing new claims for unemployment benefits last week dropped to the lowest level since 2000.
The strong data comes a day after the Federal Reserve downgraded its view of the U.S. labor market and economy in a policy statement that suggested the central bank may have to wait until at least the third quarter to begin raising interest rates.
"I think we're going to see cleaner data come out in the second quarter and with the jobless claims being at their lowest levels in 15 years, that certainly points towards a strengthening labor market which has been a clear focus point of the Fed," said Mark Luschini, chief market strategist at Janney Montgomery Scott in Philadelphia. Continuación...