US inflation slows down in April, but prices remain high.
US inflation eased to 4.9% in April as the Federal Reserve's tightening measures took effect.
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Fed Tightening
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Mixed Results for March Jobs Report in US and Canada
US jobs growth slowed in March as the economy added 916,000 jobs, down from 468,000 in February, as the Federal Reserve's tightening policies began to take effect. The unemployment rate fell to 6%, the lowest since the pandemic began, but the labor force participation rate remained unchanged at 61.5%.