NEW YORK ( TheStreet) -- The Bureau of Labor Statistics reported that April nonfarm payrolls rose 165,000 and the unemployment rate ticked down to 7.5%.

Here is a recap of TheStreet's live-streaming coverage of the event with S&P Capital IQ's Sam Stovall.

March nonfarm payrolls from the prior report added just 88,000 jobs -- a drop of 180,000 from February -- as the average work week rose slightly to 34.6 hours. Average hourly earnings for all employees in March came in at $23.82, up 1 cent from the previous month.

-- Written by Joe Deaux in New York.

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