Job growth was much stronger for the first months of the year than previously thought, the Labor Department reported Friday. News that the unemployment rate is 7.5 percent, a four-year low, sent the stock market to historic highs.
Last month’s gloom was premature, as federal job counters revised estimates and showed job growth averaged 196,000 monthly since the beginning of the year.
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10,000 – March 29, 1999
11,000 – May 3, 1999
12,000 – October 19, 2006
13,000 – April 25, 2007
14,000 – July 19, 2007
15,000 – May 3, 2013