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.

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