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The US Added 222,000 Jobs Compared to Estimates of 179,000 and the Unemployment Rate Rose to 4.4 Percent

US futures are higher this morning following a better than expected jobs report.  The government jobs report showed the US added 222,000 jobs compared to estimates of 179,000 and the unemployment rate rose to 4.4 percent.  A sharp drop in oil prices caused by news of further increase in US production weighed on the energy sector.  Brent and crude are trading down about 1.75% each.  Asian markets closed mostly lower led by the Hang Seng and markets in Europe are trading mostly lower on the back of lower oil prices.  

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