Data: Bureau of Labor Statistics; Chart: Neil Irwin/Axios America's inflation problem is getting worse, not better, as 2026 progresses. New wholesale price data — on the heels of Tuesday's consumer price report — confirm it. Why it matters: The evidence of continued price pressures stretches far beyond the energy price spike that occurred following the Iran war, and suggests ongoing pressures across a range of goods and services. - It is getting harder and harder to chalk up the inflationary impulse evident in a wide range of data solely to the one-time effects of tariffs and the blockade of the Strait of Hormuz. - That makes the chance of a Federal Reserve interest rate cut at any point this year increasingly remote, barring a…
Growth in the United States job market exceeded expectations in April, with private sector gains driving a back-to-back monthly increase even as federal employment continues to decline.
Growth in the United States job market exceeded expectations in April, with private sector gains driving a back-to-back monthly increase even as federal employment continues to decline. PULSE POINTS WHAT HAPPENED: The U.S. economy added over 100,000 jobs in April, surpassing economists’ expectations of roughly 50,000. DETAIL: Job growth exceeded expectations in April as the U.S. economy added 115,000 jobs, far more than the 55,000 projected by economists. Meanwhile, the unemployment rate has remained steady at 4.3 percent. This monthly back-to-back job growth has been driven primarily by private sector hiring. Specifically, private sector employment grew by 123,000 jobs, whereas public sector employment declined by 8,000. The reduction…Open
Data: Bureau of Labor Statistics ; Chart: Courtenay Brown/Axios The labor market snapped back with 178,000 jobs added in March, while the unemployment rate ticked down to 4.3%, the government said Friday. Why it matters: Hiring boomed after shedding jobs in February, suggesting a steadying labor market as the Iran war injected fresh uncertainty into the economic outlook. - The data captures the first full month of hiring since the Iran war began, offering an early read on how businesses are responding to the shock. - The economy added nearly three times as many jobs as economists expected. By the numbers: The Bureau of Labor Statistics said on Friday that the economy shed 133,000 jobs in February, 41,000 more than initially reported.…
State of the Union: Unemployment continues to creep up in 2026. The post U.S. Lost 92,000 Jobs in Dramatic February Underperformance appeared first on The American Conservative .
U.S. employers cut 92,000 jobs in February, far worse than economists’ expectations of a 50,000-job gain, while the unemployment rate edged up to 4.4 percent, the Bureau of Labor Statistics said in their latest report Friday. The report also revised January payroll growth down to 126,000 from 130,000 and December to a loss of 17,000 from a previously reported gain of 50,000. The revisions make 2025 the first year with five months of net job loss since 2010. Health care payrolls fell, largely because a Kaiser Permanente strike temporarily sidelined 31,000 workers, while technology, federal government, transportation and warehousing also weakened. In addition, labor-force participation decreased, suggesting that some workers are…Open