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08.03 09:26:39

Unemployment figures beat estimates - USA

U.S. stocks rose on Friday as data showed U.S. employers cut fewer jobs than expected last month, signaling a continued recovery in the economy. Electronics and office-supplies retailers were the leading gainers on the stock exchange. Best Buy was up 1.9% and Staples 1.48%.

 

February's non-farm employment numbers showed a loss of 36,000 jobs in the month against expectations in a Reuters survey for a loss of 50,000 jobs. The unemployment rate remained unchanged at 9.7 percent


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