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US loses fewer jobs than expected

The US lost fewer jobs than expected in August, according to the latest non-farm payroll figures.

The country shed 54,000 jobs, according to the Bureau of Labor Statistics, as opposed to a projected decline of 110,000.

The unemployment rate remained roughly unchanged at 9.6 per cent. The bureau also made upwards revisions to unemployment figures for June and July.

The figures show that US growth remains anaemic, but do not in themselves present sufficient evidence in favour of a double-dip recession.

Global markets have jumped on the back of the news. At 3.21pm, the FTSE 100 had risen 1.3 per cent to 5443.71, while the Dax and the Cac 40 had risen 1.24 and 1.69 per cent respectively. The Dow Jones has jumped by 0.9 per cent in early trades.


Centre stage for pension reform

Centre for Retirement Reform director general and co-founder John Jory tells Gregor Watt that the thinktank was formed to drive sweeping changein the pension market and top of the list is raising the retirement age to 70


Law firm launches regulation update service

Law firm CMS Cameron McKenna has launched a free online service to help financial services firms keep pace with regulatory developments. RegZone is accessed without password registration and is divided according to topic and sector. Charts and diagrams give an overview of regulatory change, while articles and reports give more in-depth analysis. The service also […]

Intelligent Pensions bolsters management team

Intelligent Pensions has recruited Andrew Pennie as marketing director.  Pennie joins Intelligent Pensions from Santander Private Banking, where he was marketing director for James Hay and Cater Allen Private Bank. Pennie previously spent 10 years at the likes of Ernst & Young, HSBC and Lloyds Private Banking. Intelligent Pensions managing director Steve Patterson says: “Given […]

The full picture

Concluding my recent series of articles looking at the fundamentals of capital gains tax

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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