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Why Yelp Stock Skyrocketed Today

TheMotleyFool

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Shares of Yelp Inc. (NYSE: YELP) were quickly rising today after the U.S. Labor Department released a positive jobs report for the month of May.

As of 12:17 p.m. EDT, Yelp's stock was up 16.4%.

Yelp investors reacted positively to the Labor Department's May jobs report, which showed that employers added 2.5 million jobs in May. Those new jobs helped push the U.S. unemployment rate down to 13.3% last month, after reaching 14.7% in April.

Source Fool.com

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