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Stocks Jump After Jobs Number Breezes Past Forecast

Stocks jumped on Friday morning after the latest read on the labor market breezed past expectations.

The S&P 500 was up 0.35%, the Dow Jones Industrial Average added 0.5%, and the Nasdaq climbed 0.42%.

The U.S. economy added 255,000 jobs in July, according to the Labor Department, far higher than an expected increase of 185,000. The U.S. unemployment rate was unchanged at 4.9%, higher than an expected decline to 4.8%. June's jobs gain was revised up to 292,000 from 287,000, while May's jobs were more than doubled to 24,000 from 11,000. Hourly wages...


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