US jobs data provided some much needed respite for investors on Friday, after the latest figures beat estimates.
July's non-farm payrolls showed 117,000 new jobs had been created, with the unemployment rate dipping to 9.1%. Markets had been under the cosh prior to the release, with the FTSE 100 down about 2% and European shares also weaker. However the FTSE appeared to be regaining some ground after the results, moving back up to 5,361 points. It was much firmer than the low point of the day just after markets opened, when the blue chip index dropped to 5,218. The jobs data, released by the US Department of Labor, also revised upwards figures for May and June, with an additional 56,000 jobs a...
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