Employment, Good News | featured news

Consumer sentiment rose to its highest level in more than five years in November as consumers felt more optimistic about employment prospects and the outlook for the overall economy, a survey released on Friday showed.

Private-sector jobs in the U.S. increased 209,000 last month, according to a national employment report published by payroll processor ADP. The gain was just above economists' median expectation of 200,000 contained in a survey done by Dow Jones Newswires.

U.S. stocks rose on Friday, propelling the Nasdaq index to an 11-year high, after January's U.S. employment report sailed past expectations, boosting hopes for world's largest economy.

U.S. companies added to payrolls more than expected in October, slightly boosting optimism about the job market ahead of Friday's government employment report.

Reaction to last week's employment report translates into stock market gains as service sector, real estate also report upbeat news.