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Global markets: US, Canada see employment gains in December

By Commodity News Service Canada

WINNIPEG, January 8 – The following is a glance at the news moving markets globally.

US PAYROLLS MOVE HIGHER IN DECEMBER, PREVIOUS MONTHS REVISED UP
Job growth in the US moved higher in December, increasing by 292,000 for non-farm employees, according to the country’s labour department.

Payrolls in October and November were revised upward to show 50,000 more jobs had been created than previously thought.

However, the country’s unemployment rate stayed steady at the seven-and-a-half year low of five per cent.

CANADA’S EMPLOYMENT EDGES UP IN DECEMBER

Employment edged up 23,000 or 0.1 per cent in December and the unemployment rate was 7.1 per cent, unchanged from the previous month, Statistics Canada said in a report on Friday.

According to StatsCan, following employment growth of 0.4 per cent in the first quarter of 2015, the pace of growth slowed to 0.2 per cent for each of the subsequent three quarters.

In the 12 months to December, employment gains totalled 158,000 or 0.9 per cent, slightly more than the growth rate of 0.7 per cent in both 2013 and 2014, Statistics Canada said.

CRUDE OIL FUTURES SEE SOME RECOVERY
Crude oil futures gained back some ground on Friday, as China’s economic situation saw modest recovery.

China’s stock indexes gained ground, which in turn supported the futures.

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