MARKETS: U.S. stocks jumped in early trading Friday after the government reported employers added far more jobs than expected in November.
Catch up on the developing stories making headlines.
The Labor Department said employers added 266,000 positions, well above estimates of 184,000. The report also showed unemployment falling to a 50-year low. The strong report should help ease any doubts among investors that the .S. economy remains healthy. The solid jobs report sent bond yields higher, which banks rely on to charge higher interest rates on mortgages and other loans. The yield on the 10-year Treasury rose to 1.85% from 1.79% late Thursday.
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