Financial Times FT.com

US jobs data ease rate rise fears

By Jennifer Hughes in New York

Published: August 4 2006 13:50 | Last updated: August 4 2006 21:51

Hopes that the US Federal Reserve will next week pause its long-running series of interest rate rises were boosted on Friday by figures showing weaker-than-expected employment growth and a rise in the jobless rate.

The news triggered an early rally on the markets, although stock indices eventually gave back gains to close slightly lower.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this