WASHINGTON — The Dow Jones industrial average crossed 15,000 on Friday morning for the first time after the release of strong US employment figures.
US employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped reduce the unemployment rate from 7.6% to a four-year low of 7.5%.
The report Friday from the Labor Department was a reassuring sign that the job market is improving despite higher taxes and government spending cuts that took effect this year, and the stock market responded accordingly.
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