The national economy is not in a recession, nor is it about to fall into one. The latest job market is showing more net new job additions and low unemployment of only 4.3%. The wage growth of 3.6% to an average hourly rate of $37.41 in April is modestly outpacing the latest available consumer price inflation in March. Moreover, income growth is easily outpacing national home price growth and, therefore, helping to improve housing affordability.
Full article here: Instant Reaction: Jobs, May 8, 2026
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