Finally some good news from US market.
The pace of U.S. job losses slowed more than expected last month and the unemployment rate dropped for the first time since April 2008, the clearest sign yet that the worst recession since the Great Depression is easing.
Payrolls fell by 247,000, after a 443,000 loss in June, the Labor Department said today in Washington. The jobless rate dropped to 9.4 percent from 9.5 percent.
Stock futures are sharply higher after a new report showed July job losses were less than anticipated and the unemployment rate unexpectedly dipped.
Finally some good news from US market.
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