US job boost helps European markets rise
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The US Bureau of Labor Statistics has revealed 163,000 jobs were added during July, although the unemployment rate remained unchanged at 8.3 per cent.
The news had a positive impact on European markets after a deflating press conference from European Central Bank president Mario Draghi earlier in the week.
Job growth was fuelled by rising employment in the professional & business services, food services & drinking places and manufacturing sectors.
The US government department says both the unemployment rate and number of unemployed people have remained unchanged so far in 2012. The number of long-term unemployed people also remained unchanged.
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