US jobs data beats expectations

<p>The latest US jobs data is better than expected.</p>

The latest jobs data released by the Labor Department in the US shows an improvement in the country's employment opportunities.

Statistics unveiled by the body today (November 8th) indicated that a better-than-expected 204,000 jobs were added to the economy last month.

Analysts had predicted that last month's government shutdown could have had an impact on the state of employment in the US.

Chris Williamson, chief economist at the researchers Markit, explained that the results show employment has "defied" analysts' expectations during October.

"Analysts were expecting a mere 125,000 rise. The data will add to the view that the Federal Reserve is gearing towards a tapering of its asset purchases," he said.

Global markets have been on alert for some time over the Fed's quantitative easing scheme, the end of which is expected to have a knock-on impact for countries all over the world.

Asian stocks have been falling this week as investors fear the tapering process could start soon.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.