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Hiring speeds up as U.S. economy adds 196,000 jobs in March

Growth in hourly pay slows a bit after reaching a 10-year high

The numbers: The U.S. created 196,000 new jobs last month after a swoon in February, an encouraging gain that hints growth in the economy is ready for a revival.

Hiring increased in most major segments of the economy, most notably health care and white-collar firms. The flush of new jobs kept the unemployment rate near a 50-year low of

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The Dow was up nicely on Thursday gaining 167-points led by Boeing and Dow Inc., but the broader indices were more mixed with the S&P 500 posting modest gains, and the Nasdaq dipping a few points. Bond yields slipped a bit, possibly the reason for the mostly quiet day for stocks yesterday, as we await the March jobs report on Friday.

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