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U.S. employers added 559,000 jobs last month, as the unemployment rate fell to 5.8% from 6.1% in April. Employers say they could use even more workers as demand surges and pandemic fears recede.
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Retail sales were flat in April from a month earlier as Americans spent less on things such as clothes or sporting goods but increased their spending at bars and restaurants.
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Nearly two dozen American cities have signed on to pilot programs that offer basic incomes to low-income residents.
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Prices for a range of goods from used cars to bacon surged last month, pushing consumer inflation to 4.2% in April, the highest since September 2008.
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U.S. employers added 266,000 jobs last month, far fewer than analysts had expected. The unemployment rate rose to 6.1%.
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Newly vaccinated Americans are spending more freely on restaurants, travel and live entertainment. That should give a boost to pandemic-scarred service industries.
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A primer on some of President Biden's big economic initiatives.
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The U.S. economy grew at a rapid pace in the first three months of the year as more people got vaccinated and the federal government pumped hundreds of billions of dollars into people's pockets.
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The International Monetary Fund predicts the U.S. economy will grow at its fastest pace in decades this year, lifting the outlook for worldwide economic growth.
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Hiring by U.S. employers accelerated sharply amid an improving public health outlook and a new round of $1,400 relief payments.