U.S. inflation climbed in April as retail sales kept rising
April inflation sped up to 3.8% while retail sales rose 0.5%, leaving households with higher costs even as consumer spending stayed resilient.
April inflation sped up to 3.8% while retail sales rose 0.5%, leaving households with higher costs even as consumer spending stayed resilient.
April hiring stayed positive, unemployment held at 4.3%, and a lower participation rate suggests a cooler labor market ahead.
April hiring topped expectations with 115,000 new jobs and unemployment steady at 4.3%, signaling a cooling but resilient U.S. labor market.
New BLS data show slower productivity and higher labor costs in Q1, a fresh signal on inflation, business margins, and Fed caution.