Wall Street subdued on steady unemployment figures

<p>Wall Street has been subdued in trading this afternoon as the US’s employment situation remains stable.</p>

Wall Street's stock indices are steady in trading this afternoon (January 4th) after official figures revealed the nation's employment situation is holding firm.

According to the Labor Department, the world's largest economy added a further 155,000 positions in December, while the jobless rate was steady at 7.8 per cent.

These new roles came mainly from the food services, healthcare, manufacturing and construction sectors, with the private arena's expansion helping to offset the 13,000 public sector jobs that have been shed.

The food and drink services industry added 38,000 jobs in December, while construction and manufacturing employment rose by 30,000 and 25,000 respectively over the 31-day period.

Furthermore, in the three months to the end of the year, the retail sector added 143,000 positions.

At 16:25 GMT, the Dow Jones Industrial Average was stable, making a very slight loss of one point to 133390.1 points.

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