Global Markets: U.S. jobs growth beats expectations

By Phil Franz-Warkentin

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.

• The United States economy added 254,000 jobs in September, reported the country’s Labor Department. That surpassed average trade guesses which were about 100,000 lower. The country’s unemployment rate slipped to 4.1 per cent, from 4.2 per cent in August.

• Drought conditions in Brazil have reportedly left river levels along parts of the Amazon River at their lowest in more than a century. The river is a major transport corridor, with 62 municipalities in the Amazon under a state of emergency.

• Solar storms are expected to generate northern lights over this weekend, with forecasters calling for possible disruptions to power and communications. The sun’s magnetic field is at the peak of its 11-year cycle, with two strong solar flares reported in the past week.

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