Four experts make sense of the disappointing April jobs report

Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1%. Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%. Nela Richardson, chief economist at ADP, Kate Moore, head of thematic strategy at BlackRock's Global Allocation Investment team, Jason Furman, professor at Harvard's Kennedy School and former CEA chairman and Saira Malik, chief investment officer for Nuveen's $420 billion equity division, joined "Squawk Box" on Friday to discuss what could have led to the disappointing results.