The dollar rallied sharply across the board early in U.S. trading on Friday after the Labor Department said the U.S. economy created 274,000 new jobs in April, easily beating economists' and financial markets' expectations. The euro plunged to around $1.2875 from around $1.2945 immediately before the data were released, while the dollar also jumped against the yen, Swiss franc and sterling. The median estimate from a Reuters poll of economists pointed to the creation of 174,000 new non-farm payroll jobs in April. In addition, the number of new jobs created in March was also revised up to 146,000 from 110,000. The unemployment rate in April remained unchanged at 5.2 percent.