US jobs growth slowed more than expected – this is why it is good for the economy

Stocks jumped on Friday morning after data showed the US labor market is finally showing signs of cooling. 

Employers added 175,000 jobs in April while the unemployment rate rose to 3.9 percent, up from 3.8 percent in March, the Labor Department reported.

Analysts said it was a ‘goldilocks number’ – not too hot but not too cold which could help to bring down inflation.