The biggest corporate hiring spree in five years is reversing a weeklong slide in the stock market. Add to Portfolio
The government, in its latest snapshot on employment, said the economy added 244,000 jobs overall last month, well above the 185,000 jobs that analysts had forecast. Private employers created 268,000 jobs , the report said.
The unemployment rate rose to 9.0 percent from 8.8 percent in part because it counted more people who resumed looking for work.
Indexes jumped sharply at the open, with the Dow Jones industrial average rising 131.08 points, or 1 percent. The broader Standard & Poor’s 500-stock index gained 13.72 or 1 percent, while the technology heavy Nasdaq rose 25.81, or 0.92 percent.
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