USA OK! Jobs data lifts shares after beating forecasts

clock

US payroll figures boosted markets on Friday after companies added more jobs than expected, continuing the trend of positive news coming out of the world's biggest economy.

February's figure showed an increase of 227,000 jobs in the all important non-farm payrolls release, although overall the jobless rate held steady at 8.3%. The figure beat the 210,000 estimated by economists. Meanwhile the US Department of Labor also revised up the previous two months sharply. January's payroll climb was revised up from 243,000 to 284,000, while December's figure climbed from 203,000 to 284,000. Jobs growth in the US over the past six months has been at its strongest level since 2006, with 1.2 million jobs created. Increases in US jobs are helping fuel consumer ...

To continue reading this article...

Join Investment Week for free

  • 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

More on Investment

Trium Capital's Donald Pepper: Tariff tide reveals those swimming uncorrelated

Trium Capital's Donald Pepper: Tariff tide reveals those swimming uncorrelated

'Conventional diversification no longer provides adequate protection'

Donald Pepper
clock 30 April 2025 • 4 min read
Event Voice: Your questions answered by FSSA Investment Managers at the Emerging Markets Conference

Event Voice: Your questions answered by FSSA Investment Managers at the Emerging Markets Conference

Angus Sandison, Investment Analyst, FSSA Investment Managers
clock 24 April 2025 • 3 min read
US M&A spending jumps 50% in March as deal volume declines

US M&A spending jumps 50% in March as deal volume declines

Near 6% drop in number of deals happening

Eve Maddock-Jones
clock 23 April 2025 • 1 min read
Trustpilot