US economy adds 175K jobs in April, falling short of expectations

The U.S. economy added 175,000 jobs and the jobless rate ticked higher to 3.9 percent in April, according to Labor Department data released Friday.

After several hotter-than-expected jobs reports, April's employment gains fell short of economists’ expectations of 240,000 new jobs and a 3.8 percent unemployment rate.

The latest job report comes days after a Federal Reserve committee voted to hold off on cutting interest rates, which have sat at a range of 5.25 percent to 5.5 percent ...