NEW YORK (AP) — The biggest corporate hiring spree in five years ended a weeklong slide in the stock market.
The Labor Department reported Friday that private employers hired 268,000 people last month, the most since February 2006. Taking into account job cuts of government workers, the economy added a total of 244,000 jobs overall last month, well above the 185,000 jobs that analysts had predicted.
It was the third straight month with an increase of more than 200,000 jobs.
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