Members of police agencies from across North Carolina are gathering in Charlotte on Friday to join friends and family in honoring the life of Joshua Eyer.
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. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
0840 ET – Treasury yields fall and the dollar weakens as April jobs report misses expectations. Net job creation was 175,000, down from March’s upward revised 315,000 and from 240,000 forecast by economists polled by The Wall Street Journal. The unemployment rate inched up to 3.9% from 3.8%.