Wall Street’s main stock indexes rallied on Friday as bond yields fell sharply after data showed signs of slowing US jobs growth and an uptick in unemployment, boosting hopes that the Federal Reserve is done with its interest rate hiking campaign.
The Labor Department’s report showed non-farm payrolls increased by 150,000 jobs in October, much less than the expected 180,000 increase, partly due to strikes at Detroit’s Big Three automakers.
Subscribers with digital access can view this article.
Already a subscriber?
Everyday Digital
$1 per day
Cancel anytime. Min cost $28.
Weekend Papers + Everyday Digital
$9 per week
Cancel anytime. Min cost $36.
See other subscription options and Terms & Conditions
Subscribers get more
Video series & podcasts
Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs
Watch now
Newsletters
Breaking news, sport, business and more. Get the news you want delivered straight to your inbox so you never miss a headline.
Choose today
Win big!
Regular chances to win incredible prizes like luxury getaways and sports tickets with our subscriber exclusive competitions
Enter now
Subscriber discounts
Get exclusive discounts on movie tickets, dining and popular attractions.
Browse today
Video series & podcasts
Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs
Watch now
Newsletters
Breaking news, sport, business and more. Get the news you want delivered straight to your inbox so you never miss a headline.
Choose today
Win big!
Regular chances to win incredible prizes like luxury getaways and sports tickets with our subscriber exclusive competitions
Enter now
Subscriber discounts
Get exclusive discounts on movie tickets, dining and popular attractions.
Browse today