Thursday, 15 March 2012

Stocks rally as hiring spree surprises Wall Street

NEW YORK (AP) — Stocks are closing the day higher, after the U.S. government reported an unexpected surge in hiring.

The Labor Department said Friday that private employers added 268,000 jobs last month, the most in five years.

The unemployment rate rose, however, to 9.0 percent in part because more people resumed looking for work.

The news on job growth helped lift the …

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