Axios

Roku, an over-the-top (OTT) streaming player service, has filed for a $100 million IPO (though that's likely a placeholder), according to an SEC filing. Rumors of its plans to go public emerged earlier this year, and it considered an IPO back in 2014.

Offering details: The Silicon Valley-based company plans to trade on the NASDAQ under ticker symbol "ROKU," with Morgan Stanley listed as left lead underwriter.

Financials: Roku is unprofitable. It reported $24.2 million in net loss on $199.7 million in revenue for the six moths ending in June 2017. In the fiscal year 2016, it reported a net loss of $42.8 million on $398.6 million in revenue. Its revenue comes from sales of streaming devices as well as through advertising and subscriptions. In the first six months of 2017, devices accounted for 59% of total revenue. In fiscal 2016, they made up 74%.

Backers: The company has raised over $200 million in VC funding, and is valued at almost $1 billion according to Pitchbook. Its investors include Netflix, Menlo Ventures, News Corp, Sky UK's venture arm, and Viacom, among others.

The U.S. economy added 156,000 jobs in August, while the unemployment rate ticked up slightly to 4.4% — missing economists' expectations. Taken in context, companies still can't find enough workers to fill their open slots, but this hasn't translated into faster wage growth, as average hourly earnings were up just 2.5% year-over-year — little more than the rate of inflation. Economists had expected 180,000 new jobs and an unemployment rate of 4.3%.

Turmoil in the "information" sector: Here we look at the information sector, which shed 8,000 jobs in August. Jed Kolko, chief economist at Indeed, emails Axios to say that the sector "includes tech, so people typically assume that it's booming. But several job-losing industries are in the information sector as well, like broadcasting, motion pictures production, and telecommunications."

Data: Bureau of Labor Statistics; Graphic: Chris Canipe / Axios

Energy Secretary Rick Perry announced Thursday he will be releasing 500,000 barrels of crude oil from an emergency reserve to ease gas price spikes in light of disruptions to energy infrastructure due to Hurricane Harvey, per the AP.

• The EPA has also expanded emergency gasoline waivers to include 38 states and D.C. to avoid disruptions related to the storm, per the AP.
• The Department of Transportation is waiving operator qualifications to "expedite the engagement of pipeline" personnel to help with response and recovery S&P Global Platts reports.