US Economy Adds More Jobs in April
Yes, this is good news, but the unemployment rate stayed the same. So were jobs created or just…wiggled?
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Despite less optimistic outlooks in the stock market, the US labor market added over 400K jobs in April. The numbers mark 12 straight months of job growth of at least 400K.
Inflation. The hiring boom and steady wage gains will drive consumer spending and likely keep the Fed on track to raise borrowing rates to fight inflation.