- Yahoo Finance Video
US added 175,000 jobs in April, unemployment rate rises
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.
- Motley Fool
3 Vanguard ETFs to Buy If You're Looking for Reliable Passive Income
ETFs can be a great way to boost your passive income stream while also achieving diversification.
- Reuters
US Treasury grants flexibility on trace minerals in EV tax credits
New rules took effect on Jan. 1 restricting Chinese content in batteries eligible for EV tax credits of up to $7,500, which sharply cut the number of eligible vehicles. Treasury has temporarily exempted some trace critical minerals from new strict rules barring materials from China and other countries deemed a "Foreign Entity of Concern" (FEOC), including North Korea, Russia and Iran. John Bozzella, who heads the Alliance for Automotive Innovation, a group representing major automakers, said the new Treasury rules "appear to recognize the realities of the global supply chain by providing some temporary flexibility in terms of where the critical minerals in EV batteries can be sourced."
