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U.K. Stocks Drop as U.S. Jobs Growth Trails Estimates

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Dec. 3 (Bloomberg) -- U.K. stocks dropped after a U.S. Labor Department report showed employers added fewer jobs than forecast in November and the unemployment rate unexpectedly rose.

The FTSE 100 Index declined 0.7 percent to 5,725.14 at 1:33 p.m. in London. The gauge earlier rose as much as 0.3 percent.

Payrolls increased 39,000, less than the most pessimistic projection of economists surveyed by Bloomberg News, after a revised 172,000 increase the prior month, the report showed. The jobless rate rose to 9.8 percent, the highest since April.

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net

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