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Surge in US Job Creation, Fed Reassurance Boosts Stocks

A surge in U.S. job creation and some reassuring words from the head of the U.S. central bank sent U.S. stocks soaring Friday. The Labor Department reported a net gain of 312,000 jobs in December, far more than economists predicted. The unemployment rate, however, rose slightly, to 3.9 percent. Many analysts said the rising unemployment rate was probably good news because rising wages prompted many jobless people to start looking for work. People are not...

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