Two bits of economic news this morning:
-- Consumer prices overall were unchanged in April, the Bureau of Labor Statistics reports, thanks in large part to a 2.6 percent drop in the price of gasoline.
Originally published on Fri May 4, 2012 7:58 am
The nation's jobless rate edged down to 8.1 percent in April from 8.2 percent in March, but just 115,000 jobs were added to private and public payrolls, the Bureau of Labor Statistics reports.
The job growth was well below expectations and has raised new questions about the strength of the U.S. economy.
We'll add more to this post as we read through the report and gather reactions and analysis. So be sure to hit your "refresh" button to get our latest updates.
There were 365,000 first-time claims for unemployment insurance filed last week, down 27,000 from the week before, the Employment and Training Administration reports.
Originally published on Fri April 13, 2012 7:08 am
The news that consumer prices rose a relatively modest 0.3 percent in March from February supports "the view the U.S. Federal Reserve has room to provide more support for the economy if needed," Reuters concludes. It adds that:
The hiring of seasonal jobs helped pushed down unemployment rates in more than 90% of the nation’s largest cities last month. But the numbers are somewhat mixed in Colorado.