While you were sleeping: Payrolls in focus

Thu, 07 May 2015

By Margreet Dietz May 8 (BusinessDesk) - Wall Street advanced amid better-than-expected corporate earnings including from Alibaba as well as positive weekly jobless claims data. A Labor Department report showed initial claims for state unemployment benefits rose a mere 3,000 to a seasonally adjusted 265,000 for the week ended May 2. The data were better than economists had expected and offset Wednesday’s disappointing ADP payrolls statistics. All eyes are now on Friday’s government jobs numbers to help gauge if the US labour market he...

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