U.S. Added 400K+ Jobs For 12th Straight Month
Economy added 428,000 jobs in April; unemployment unchanged.
Economy added 428,000 jobs in April; unemployment unchanged.
Increases in energy, food, and shelter costs drove the increases.
Consumer Price Index rose 0.8% in February, but is up 7.9% year-over-year led by energy and food prices.
Consumer Price Index soaring 7.5% from a year earlier poses a renewed challenge for The Fed
First American Financial economist says report still may give the Fed reason to accelerate tightening of monetary policy.
While the nation added 531,000 jobs last month, the labor force non-participation rate remains basically unchanged.