US unemployment rate falls; oil prices, sterling and stocks rise – business live

US unemployment rate falls; oil prices, sterling and stocks rise – business live

Non-farm payrolls little changed while jobless rate drops to 6.3%US Senate passes Covid relief budget resolutionFTSE 100 on track for first weekly gain in a month, sterling climbsUK house prices record biggest monthly fall since April - HalifaxGerman factory orders post biggest fall in eight months 1.41pm GMT The US Bureau of Labor Statistics says:In January, notable job gains in professional and business services and in both public and private education were offset by losses in leisure and hospitality, in retail trade, in health care, and in transportation and warehousing. Unemployment rate falls to 6.3% in January; payroll employment changes little (+49,000) https://t.co/1Y9cSWJUIB #JobsReport #BLSdata 1.34pm GMT However, the jobless rate dropped to 6.3% from 6.7% in December - this is better than expected.US non-farm payrolls (Jan): 49,000 vs 50,000 expected, prior -227,000 (revised from -140,000),US unemployment (Jan): 6.3% vs 6.7% expected, prior 6.7%US average earnings Y/Y (Jan): 5.4% vs 5.1% expected, prior 5.4% (revised from 5.1%) @dmadden_CMC Continue reading...