What happened 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%. So what 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. Some investors are becoming increasingly optimistic about the economy as states slowly open back up and more businesses reopen their doors and bring back some of their workers. Image source: Getty Images. U.S. Secretary of Labor Eugene Scalia said in a statement, "Today's report shows much higher job creation and lower unemployment than expected, reflecting that the reopening of the economy in May was earlier, and more robust, than projected." Now what Despite today's positive news, the unemployment rate in the U.S. is very high and it's still unclear how quickly the U.S. economy will be able to create the jobs that have been lost over the past few months. The next few months will paint a clearer picture of how much sustained damage COVID-19 has done to the economy and whether or not some investors' current optimism for the market is misplaced or not. For now, Yelp's current share price jump today still leaves the company's share price down more than 13.5% over the past three months. 10 stocks we like better than YelpWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Yelp wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool recommends Yelp. The Motley Fool has a disclosure policy.Source