US job boost helps European markets rise
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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