Job growth in the U.S. far exceeded economist estimates in the month of April, the Labor Department revealed in a report on Friday, although the jump in employment followed notable downward revision to the two previous months.
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US stocks experienced a massive rally on Friday, thanks in large part to the unexpectedly strong jobs report and shares of regional banks managing to climb back from earlier lows.
Employment in the U.S. increased roughly in line with economist estimates in the month of March, according to a closely watched report released by the Labor Department on Friday.