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Employers cut fewer jobs in April, jobless rate fallsFriday May 2, 9:14 am ET By Jeannine Aversa, AP Economics Writer Employers cut fewer jobs in April, jobless rate falls to 5 percent WASHINGTON (AP) -- Employers cut far fewer jobs in April than in recent months and the unemployment rate dropped to 5 percent, a better-than-expected showing that nonetheless still revealed strains in the nation's crucial labor market.
Stocks rise and Dow crosses 13,000 as dollar advancesThursday May 1, 6:21 pm ET By Madlen Read, AP Business Writer The Dow Jones industrials cross 13,000 as dollar soars and optimism rises about economy NEW YORK (AP) -- Wall Street shot higher Thursday as investors, while anticipating another dismal jobs report Friday, viewed the rising dollar and falling oil prices as promising signs for the economy. The Dow Jones industrial average soared nearly 190 points to close above 13,000 for the first time since Jan. 3.
