Tag Archives: May

Inflation accelerated in May, reaching its highest level in three years as higher gasoline prices continued to drive up costs for consumers and complicate the outlook for the economy. New data released Wednesday by the Labor Department showed consumer prices rose 4.2% from a year earlier, up from 3.8% in …

The U.S. economy added 172,000 jobs in May, far exceeding economists’ expectations and signaling continued strength in the labor market despite rising inflation and broader economic uncertainty. Economists surveyed by FactSet had forecast payroll growth of about 105,000 jobs for the month. The Labor Department also revised hiring figures upward …