Saturday 02 August 1997
There were 320,000 new jobs in July, mainly in private services and retailing. The unemployment rate declined from 5 per cent to 4.8 per cent.
Separate figures from the National Association of Purchasing Managers showed manufacturing activity picking up, with the index climbing from 55.7 to 58.6.
Christopher Low, an economist at HSBC Markets in New York, warned: "This could be the tip-off of the end of the bull market. We have all become extremely complacent."
The benchmark Treasury bond lost more than a point. In early trading the Dow Jones index shed more than 100 points before recovering later.
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- 5 British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Asteroid narrowly scrapes past Earth: how to watch the closest space rock for decades as it flies by
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Prince Philip set to be knighted by Australia: Celebrate by reading his greatest gaffes
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
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