Afternoon Coffee: Wholesale Inventories Rise But Sales Fall, US Adds 233,000 Jobs Last Month


Wholesale inventories rose 0.1% in March, but wholesale sales dropped 0.2%, according to the Commerce Department. It marks the eighth straight month of wholesale sale declines.

A total of 223,000 jobs were added in April, helping the unemployment rate in the US fall to 5.4%.

Yelp is looking for a buyer as it struggles with slower user growth, loss of revenues and increased operating costs. The news comes 5 years after Yelp rejected an acquisition offer from Google.

The Food and Drug Administration reported Blue Bell Creameries, the company behind the US recall of ice cream due to listeria contamination, had evidence of the bacteria in one of its plants as far back as March 2013. The report said the company continued to ship its products despite this knowledge .

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