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Ben Casselman, industry influencer, observes that job gains in April were solid for the second month in a row.
He suggests it is too early to declare an end to the so-called low-hire, low-fire period, but views the job growth as an encouraging sign.
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Casselman recently highlighted a 0.4% drop in U.S. real income excluding transfer payments in February. He also reported that energy prices rose nearly 11 percent in March, with a sharp increase in gasoline costs. These factors contributed to higher overall inflation through the start of the year.