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| Job applicants at a job fair at Marlins Park in Miami last month. |
Huzzah! That was the rallying cry on the floor of the New York Stock Exchange as the Dow Jones Industrial Average closed Friday above 14,000 for the first time in more than five years. Overall, the Dow was up one percent in morning trading while the S&P 500 Index rose 0.9 percent. U.S. hiring in January increased more than previously expected, with the economy adding 157,000 jobs, although the jobless rate slightly ticked up on Friday to 7.9 percent.
The economy added just 157,000 jobs in January, slightly less than had been estimated. The report comes just days after data Wednesday showed that the economy actually shrunk in the last quarter of 2012,