@AceBreakingNews ‘ US employers add solid 280k jobs, rate inches up to 5.5 pct.’


WASHINGTON (AP) – U.S. employers added a solid 280,000 jobs in May, showing that the economy is back on track after starting 2015 in a slump.

The Labor Department says the unemployment rate ticked up to 5.5 percent from 5.4 percent in April. The strong job growth suggests that employers remained confident enough to keep hiring even after the economy shrank during the first three months of…

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LONDON: ‘ FTSE heads for worst week in six months, grocers slip ‘

#AceFinanceReport – Markets: June.05:(Reuters) The FTSE 100 fell on Friday and was heading for its worst weekly performance in nearly six months, mirroring a broad sell-off in Europe, with some food retailers losing ground after Deutsche Bank cut its estimate for the UK grocery market.

The blue-chip FTSE 100 index was down 0.8 percent at 6,805.10 points by 0822 GMT, in line with weaker European share indexes after Greece delayed a debt payment and as investors traded cautiously ahead of a widely-watched U.S. employment report due at 1230 GMT.

FTSE heads for worst week in six months, grocers slip


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