US job figures better than expected

Stock Markets worldwide have leapt higher this afternoon after better than expected news concerning US job figures.

The FTSE 100 jumped 1.3% higher to 5442.6 after the US announced a smaller rise in unemployment in August, well below the consensus view that non-farm payrolls would fall by more than 100,000.

European Stock markets have also benefitted from the good news across the pond.

Today's good news comes after better than expected manufacturing figures were announced from the US this week.

Although the rise has had a positive impact on stockmarket investments, investors should remain cautious as the UK data shows a slow down in economic growth.

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