Employers added 175,000 jobs in May, maintaining a pace that hasn't brought unemployment down quickly but has been enough to ease worries of a summer slowdown after a run of murky economic reports.

Friday's report pushed the Dow Jones Industrial Average up 207.50 points, or 1.4%, to close at 15248.12, its biggest climb since Jan. 2. Investors also took heart that the latest numbers will likely keep the Federal Reserve on course to continue its stimulus effort of buying long-term bonds at a pace of $85 billion a month for now...