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Stronger than expected US jobs growth data lifts Wall Street

Oil prices rose nearly 2 per cent, helped by rising Chinese crude demand and threats of a strike in Africa's largest oil exporter


Wall Street ticked higher on Friday after a stronger-than-expected jobs data for November showed that the world's largest economy has gained strength, ahead of a near certain interest rate hike next week. The Labor Department's closely watched employment report showed job growth increased at a strong clip in November and wages rebounded. Nonfarm payrolls rose by 228,000 jobs last month amid broad gains in hiring as the distortions from the recent hurricanes faded. Economists polled by Reuters had forecast payrolls rising by 200,000 jobs last month. Average hourly ...

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First Published: Fri, December 08 2017. 20:44 IST