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31%  
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  • U.S. stocks set to surge after jobs data

    04/02/2004 6:37:44 AM PST · by kattracks · 16 replies · 166+ views
    Reuters | 4/02/04 | Elizabeth Lazarowitz
    NEW YORK, April 2 (Reuters) - Stocks are poised to vault higher at Friday's open after a surprisingly strong report on the U.S. job market reassured investors that the economic recovery is on track. The government's monthly employment report showed jobs grew at their fastest pace in nearly four years, offering comfort that the jobs market has finally made a break higher. About 308,000 jobs were created in March, according to the Labor Department, far outstripping economists' forecasts for a gain of about 103,000. The unemployment rate ticked up to 5.7 percent from the 2-year low of 5.6 percent seen...