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Wall Street awaits major US jobs report

Friday, 4 March 2016 14:36

Wall Street sign outside the New York Stock Exchange in New York.

Analysts on Wall Street are eagerly awaiting February's jobs report that's due on Friday. It's seen as the biggest snapshot into how the labour market in the United States is performing and it's a piece of data that the Federal Reserve also keeps strict tabs on. Investors are closely watching the report for clues to when the Fed might next raise interest rates. A strong labour market would also ease fears that the US economy is heading into recession. William Denselow has more from New York.

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