Market News

US Jobs data below Expectations

7 May, 2012

Friday night saw US Non-farm Payrolls record a gain of 115,000 people in April, a solid result but below expectations of a +160,000 gain. Adding to the softer tone of the data was a slight fall in the unemployment rate as workers gave up the job hunt reducing the available pool of workers. Markets reacted negatively to the news with US shares down 1.5% by the close.

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