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Global Markets: U.S. jobs growth slows

By MarketsFarm

WINNIPEG, Sep. 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Jobs growth in the United States slowed in August, with nonfarm payrolls increasing by 1.371 million jobs. That compares with an increase of 1.734 million the previous month, as government financial aid ran out. The country’s unemployment rate came in at 8.4 per cent, which was down from 10.2 per cent in July.

– Canadian economic numbers saw 246,000 jobs added in August, which took the unemployment rate down 0.7 points, to 10.2 per cent. The data was in line with expectations, with all provinces posting gains except for Alberta and New Brunswick.

– Russia’s Sputnik-V COVID-19 vaccine is showing good results, according to a report from the Lancet medical journal. Early stage trials showed 100 per cent of the 76 trial participants developing antibodies to the coronavirus, with no serious side effects. Larger, longer-term tests are still needed. The World Health Organization has said no widespread vaccination is expected until mid-2021.

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