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Copper Pares Drop on London Metal Exchange After Jobs Report

Jan. 4 (Bloomberg) -- Copper pared declines on the London Metal Exchange after U.S. jobs expanded in December.

The metal for delivery in three months fell 0.9 percent to $8,092.25 a metric ton by 1:32 p.m. in London, after earlier today falling as much as 1.3 percent.

Payrolls rose by 155,000 workers last month following a revised 161,000 advance in November that was more than initially estimated, Labor Department figures showed today in Washington. The median estimate of 82 economists surveyed by Bloomberg called for a increase of 152,000. The unemployment rate held at 7.8 percent, matching the lowest since December 2008.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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