By and  on November 8, 2013

A stronger-than-projected jobs report for October sent the Dow Jones Industrial Average up today and suggested the economy might be stronger than expected.

The Labor Department said 204,000 new jobs were created in October, compared with expectations of just 120,000. Despite the positive news on jobs creation, the unemployment rate inched up to 7.3 percent from 7.2 percent. But the surprise in new jobs was enough to move the Dow up 1.1 percent to end the trading session at a record close of 15,761.78. The Dow hit its all-time high of 15,797.70 in intraday trading Thursday.

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