Markets rebound as US jobs report misses forecasts – business live

The Guardian - Dec 07, 13:39 GMT

US economy only created 155,000 new jobs last month, less than expected, and wage growth disappointed tooLatest: US Non-Farm Payroll weaker than expectedFTSE 100 up 1

US economy only created 155,000 new jobs last month, less than expected, and wage growth disappointed too

This jobs report doesn’t have much cheer for US workers, although the unemployment rate remained at just 3.7%.

Bad news IS good news for the markets!

Dow futures rise to pre-market session high despite jobs report missing expectations https://t.co/aaSJKDTQda pic.twitter.com/4rrjTvPQFu

More disappointment! US wages only grew by 0.2% month-on-month in November, dashing hopes of a 0.3% rise.

That’s a blow to US families in the run-up to the festive season.

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