While you were sleeping US jobs data lift Wall Street

Thu, 22 Aug 2013

By Margreet Dietz Aug 23 (BusinessDesk) - Wall Street climbed as the latest US labour data underpinned the recent string of evidence that the jobs market continues its recovery, while the latest manufacturing data from the US, China and Germany suggested the world's key economies are improving. Initial claims for state unemployment benefits rose 13,000 to 336,000 in the week ended August 17, according to Labor Department data. The four-week moving average for claims fell to the lowest level since November 2007. “The employment numbers were e...

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