Stock Market

stock market: The hiring in April drove down the unemployment rate to a four-year low of 7.5 per cent and sent a reassuring sign that the U.S. job market is improving, according to CTV. The stock market soared after the Labor Department issued the April jobs report Friday. The Dow Jones industrial average closed up 142 points, or nearly 1 per cent, to a record a record 14,973. It briefly broke 15,000 for the first time and WASHINGTON -- The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April -- and far more in February and March than anyone thought. The economy is benefiting from a resurgent housing market, rising consumer confidence and the Federal Reserve's stimulus actions, which have helped lower borrowing costs and lift the stock market. (www.immigrantscanada.com). As reported in the news.