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Markets cheer US jobs report

Date: Friday 03 Feb 2012

Markets cheer US jobs report

European equities and US stock futures went from trading flat to showing average 0.8% gains after a much better than expected Employment Report for January was released in the United States.

The world's largest economy created 243,000 new jobs last month, well above the 150,000 that were being expected. In December, the number of new jobs was 200,000. The unemployment rate fell to 8.3% from December's 8.5%, catching the market by surprise.

M.G.

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