The June jobs report revealed 4.8 million jobs were added last month with the unemployment rate dropping to 11.1 percent. FOX Business’ Cheryl Casone with more.

U.S. equity markets soared Thursday after the June jobs report showed the nation’s employers brought more workers on board than expected during a gradual reopening of the economy.

Continue Reading Below

The Dow Jones Industrial Average gained 378 points, or 1.47 percent, in the opening minutes of trading while the S&P 500 rose 1.19 percent. The tech-heavy Nasdaq, which on Wednesday booked its 22nd record close of the year, rallied 1.14 percent.

Nonfarm payrolls added 4.8 million workers in June, pushing the unemployment rate down to 11.1 percent, according to the

Read More At Article Source | Article Attribution