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Stocks ended a three-week losing streak after an encouraging employment report lifted hopes about the pace of economic growth.

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Experts gathered in Italy Friday offered a generally gloomy outlook — especially for the United States and much of the industrialized world.

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Private employers hired more workers than expected in August, lifting hopes for the weak U.S. economy, but the nation’s unemployment rate rose for the first time in four months.


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Analysis:  Growing demand for temporary help in the U.S. suggests stronger full-time hiring ahead, and executives say they are seeing a need for staffing greater than reflected in official figures.


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The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.


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More than a quarter of employed U.S. workers suffered a bout of unemployment during the Great Recession that took many of them on an emotional roller coaster ride.



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Stocks ended higher for the third consecutive session after reports on housing, manufacturing and jobs all indicated that the economy continues to grow.



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