MARKET WRAP: JSE and rand boosted by signs of cooling US labour market
Survey shows US firms added far fewer jobs than expected in November with key unemployment data due on Friday
The JSE tracked firmer global markets on Wednesday after US private jobs data came in weaker than expected, in a further sign that the labour market in the world’s biggest economy is cooling.
Private sector job creation slowed further in November and wages recorded the smallest growth in more than two years, payrolls processing firm ADP reported on Wednesday. ..
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