While you were sleeping: Eyes on US payrolls

Thu, 31 Mar 2016

By Margreet Dietz April 1 (BusinessDesk) - Wall Street traded steady to higher ahead of the US jobs report due on Friday, as investors try to gauge how cautiously the Federal Reserve might approach interest rate increases this year. A Labor Department report showed that initial jobless claims increased by 11,000 to 276,000 in the week ended March 26. On Wednesday, an ADP Research Institute report showed US private payrolls rose by 200,000 in March, following a revised 205,000 increase the prior month. “Claims remain at a level that is...

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