The US added 175,000 jobs in April, fewer than the 240,000 jobs economists polled by Bloomberg were expecting. The unemployment rate ticked higher to 3.9% versus the 3.8% estimate. Average hourly earnings rose 0.2% month-over-month and 3.9% year-over-year. The expectation had been for 0.3% and 4.0% respectively.
Yahoo Finance's Brad Smith and Akiko Fujita report the breaking details.
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This post was written by Stephanie Mikulich.