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Thursday, November 5, 1998 Published at 17:46 GMT
Business: The Economy
Web gets sneak preview of official data
Labour figures were released early
The US Labour Department has confirmed that payroll employment grew by 116,000 in October after the data embarrassingly appeared on the Internet ahead of its scheduled release on Friday.
Financial markets had expected an increase of around 178,000.
The lower-than-expected figure boosted US bonds as traders persuaded themselves that the data increased the chance of another interest rate cut by the Federal Reserve.
The figures also showed a fall in wage pressures as the average hourly rate increased at a lower rate of 3.7% to stand at $12.91.
A Labour Department official said there would be an investigation into why some of the payroll data had been released ahead of schedule.
The department said it would release the full report at 1330 local time (1830 GMT).
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