The nation's unemployment rate hit a four-year low of 7.5 percent and the job market improved last month. Friday's news helped push the Dow Jones industrial average above 15,000 for the first time.
Was that a rational response?
Although the jobs report for April was positive, what triggered the market reaction was the fact that it was better than expected. Instead of 145,000 jobs created, as most economists predicted, the Labor Department says there were 165,000 new jobs.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, we often talk about people with mad skills in tough competitions, so in just a few minutes, we are going to meet two teenagers who are making their mark in chess. That's later.
The latest employment figures are out and they show gains in hiring. The Wall Street Journal's Sudeep Reddy joins host Michel Martin to talk about the report, and the millions of working Americans who still fall below the poverty line.
The 2013 U.S. and Women's Chess Championships are under way in St. Louis, Missouri. Host Michel Martin speaks with two of the competition's youngest players. Kayden Troff is the current under-14 World Youth Chess Champion, and at 15, Sarah Chiang is the youngest woman competing in the Women's Chess Championships.
Are you a teenager with a story to tell? NPR and Radio Diaries want to hear it. Write it down, photograph it (and record it if you want) and then submit it to the storytelling site Cowbird.
Beginning in 1996, Radio Diaries gave tape recorders to five teenagers to create audio diaries about their lives. Starting on May 6, All Things Considered will revisit these original diarists, now in their 30s, to document their lives for NPR listeners.
NPR's business news begins with some good economic news.
The Dow Jones Industrial Average hit 15,000 for the first time ever this morning. The S&P 500 also hit a record high. All of this came just after the release of a positive jobs report. The Labor Department says 165,000 jobs were created in April. Economist have been expecting about 150,000 new jobs last month.