Oil prices climb to one-year highs as markets await US jobs report – business live

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German industrial orders surge, as non-farm payrolls is expected to show an 182,000 increase in US jobs

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. It’s non-farm payrolls day! The closely-watched jobs report from the US is expected to show that the economy added 182,000 jobs in February, which would be a big increase on the 49,000 jobs gain in January. The unemployment rate is set to hold steady at 6.3%, and annual average earnings growth is forecast to cool from 5.4% to 5.3%.

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