The Dow Jones index has soared through the 17,000 barrier to a record high after US data showed a bigger-than-expected surge in job creation last month.
Official figures showed an extra 288,000 jobs in June and the rate of unemployment in the US dropped to 6.1%, as businesses recovered from freezing weather in early spring.
Stock markets in
The news will cheer the
One analyst described the jobs report as a "blockbuster" that showed the US economy was roaring back to life.
"The markets will go into the long weekend on a buzz, while strong upward revisions in April and May will add to the feel-good factor," he said.
The broad-based recovery saw growth in professional and business services, retail and food services. The number of long-term unemployed, those without work for 27 weeks or more, also declined by 293,000 in June, to 3.1 million. In May, these workers accounted for a little more than one-third of the total number of unemployed. That number dropped to 32.8% of the total unemployed.
The labour market participation rate, the number of people of working age who are working or seeking employment, held steady at 62.8%.
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