Stock Market Surges on European Bank Promise

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The stock market is beginning to surge, as Europe's Central Bank fulfilled its promise and new data on the U.S. economy was better than expected.

Wall Street closed at it's highest level in years on Thursday.

The ECB announced it would begin a bond-buying plan. The move is intended to lower borrowing costs for nations in debt and give the Eurozone a chance to recover.

Experts say this step reduced the odds that the Euro will crumble and takes away the fear factor from investors around the world.

Still, the latest government report shows the U.S. economy still isn't creating many jobs.

The Labor department's report shows the unemployment rate fell to 8.1percent in August, down from 8.3 percent in July but businesses only added about 96,000 new jobs last month.

The unemployment rate only fell because more people gave up looking for jobs and dropped out of the work force.

The report only counts people who are actively seeking jobs.

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