US adds 312,000 jobs in December, far surpassing expectations
by Dominic Rushe in New York from on (#468TV)
- Unemployment rate rises 3.9% as more enter job market
- Stock markets rally on the news
The US added 312,000 jobs in December, a huge rise well above forecasts that came amid volatile stock markets, a government shutdown and signs the economy is slowing.
The news, and signals that the Federal Reserve may slow its policy of raising interest rates, triggered a stock market rally with the Dow Jones Industrial Average closing up over 740 points, 3.3%.
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