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US copper futures erase early gains after jobs data

Fri Nov 6, 2009 8:45am EST

NEW YORK, Nov 6 (Reuters) - U.S. copper futures surrendered earlier gains and headed into negative territory Friday morning after data showed U.S. employers slashed a deeper-than-expected 190,000 workers in October, pushing the unemployment rate to a more than 26-year high at 10.2 percent.

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By 8:38 a.m. EST (1438 GMT), copper for December delivery HGZ9 dipped 0.80 cent to an early session low at $2.9490 a lb on the New York Mercantile Exchange's COMEX division. (Reporting by Chris Kelly)

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