While you were sleeping Tepid US jobs growth stays Fed’s hand

Tue, 22 Oct 2013

Oct. 23 (BusinessDesk) – US stocks rose and Treasury bond yields fell after figures showed the world’s biggest economy added fewer jobs than expected last month, giving the Federal Reserve no new reason to quickly end stimulus programme. Nonfarm payrolls increased by 148,000 workers last month, according to the Labor Department. That missed economist expectations of 180,000 gain and followed a revised 193,000 gain in August. The unemployment rate fell to 7.2 percent, the lowest level since November 2008. Investors are watching key data for c...

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