U.S. stocks rebound with new jobs data: Census data

U.K. stocks rallied Tuesday as the U.N. said it expects employment growth to rebound in 2018.

The British currency surged, while German shares surged.

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The Bureau of Labor Statistics said on Tuesday that gross domestic product (GDP) increased by 0.4 percent in the third quarter, which marked a revised reading of 0.3 percent from the previous three-month estimate.

The bureau said the number of jobs created in the quarter rose by 2.2 million to a seasonally adjusted annual rate of 176,000.

In addition, the number working in the sector rose by 1.6 million to 122.4 million, according to the bureau.

The Labor Department said unemployment rates for Americans age 16 to 64 rose to 5.4% in March from 5.3% in February.

Economists polled by Reuters had forecast that unemployment would fall to 5% in the first quarter.

Economists polled had forecast unemployment to fall to 4.8% in January.