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Solid job gains reported in April; US unemployment rate down to 4-year low of 7.5 percent
WASHINGTON — The U.S. economy showed in April that it’s healthier than many had feared, adding a solid 165,000 jobs and driving the unemployment rate down a notch to a four-year low of 7.5 percent.
Not only that, but many more people were hired in February and March than previously thought, the Labor Department said Friday. The job gains came despite a global slowdown, Social Security tax increases and federal spending cuts, which some thought would drag on the economy.
The stock market soared on the news. The Dow Jones industrial average closed up 142 points, or nearly 1 percent, after briefly breaking 15,000 for the first time in history.
http://www.washingtonpost.com/business/april-jobs-report-will-show-whether-employers-remain-cautious-about-stepping-up-hiring/2013/05/03/c84315aa-b3a6-11e2-9fb1-62de9581c946_story.html