Global markets: US, Canadian economies see job growth

By Commodity News Service Canada

WINNIPEG, November 6 – The following is a glance at the news moving markets globally.

US ADDS JOBS IN OCTOBER, ANALYSTS SPECULATE ABOUT INTEREST RATE

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The United States saw an increase of 271,000 jobs in October, the country’s labour board said on Friday. The number of jobs added outpaced market projections by about 85,000.

The job growth combined with statements from the Federal Reserve’s chair regarding the readiness of the US economy led analysts to speculate about the potential for a December interest rate hike.

CANADA ADDS JOBS IN OCTOBER
Canada’s employment increased by 44,000 or 0.2 per cent in October, bringing the number of people employed in Canada to over 18 million for the first time, Statistics Canada said in a report on Friday.

Additionally, the unemployment rate declined by 0.1 percentage points to seven per cent.

However, much of the job growth was attributed to temporary election work.

BRAZIL’S INFLATION RISES
Brazil’s annual inflation rate climbed in October to sit at 9.93 per cent, according to the Brazilian Institute of Geography and Statistics.