FTSE extends losses after US jobs miss expectations

clock

European indices have deepened losses after US jobs figures from the Bureau of Labor Statistics came in below expectations.

The 115,000 increase, the smallest since October 2011, was below consensus expectations of a 160,000 rise but was partially offset by an upwards revision in March figures from 120,000 to 154,000. February figures were also revised up from 240,000 to 259,000. The unemployment rate dipped fractionally from 8.2% to 8.1%, the BLS said. US unemployment has remained above the 8% mark since February 2009. The participation rate, measuring the share of working-age residents in the labour force, fell from 63.8% to 63.6%, its lowest level since December 1981. "Employment increased in profess...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot