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An ironworker guides a beam during construction of a municipal building in Norristown, Pa., Wednesday, Feb. 15, 2023. The strength of the American job market has consistently defied expectations throughout the economic tumult of the COVID years. (AP Photo/Matt Rourke)

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US economy sending mixed signals: Here's what it all means
By PAUL WISEMAN - AP Economics Writer
Tue,02/28/23-9:46AM , 579 Reads
WASHINGTON (AP) — Maybe it was just too good to be true.
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Customers walk around the Walmart Supercenter, Thursday, Feb. 9, 2023, in North Bergen, N.J. On Friday, the Commerce Department issues its January report on consumer spending. (AP Photo/Eduardo Munoz Alvarez)

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Key US inflation measure surges at fastest rate since June
By PAUL WISEMAN - AP Economics Writer
Fri,02/24/23-7:36AM , 374 Reads
WASHINGTON (AP) — The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.
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A consist of John Deere tractors sit in Norfolk Southern's Conway Yard in Conway, Pa., Monday, Dec. 5, 2022. On Thursday, the Labor Department releases the producer price index for January, an indicator of inflation at the wholesale level that's closely monitored by the Federal Reserve. (AP Photo/Gene J. Puskar, File)

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Wholesale price pressures emerge despite long-term slowdown
By PAUL WISEMAN - AP Economics Writer
Thu,02/16/23-7:39AM , 384 Reads
WASHINGTON (AP) — Wholesale prices in the United States reaccelerated in January, indicating that inflation pressures continue to underlie the U.S. economy despite longer-term signs of improvement.
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A hiring sign is displayed at a restaurant in Rolling Meadows, Ill., Monday, Jan. 30, 2023. America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates.(AP Photo/Nam Y. Huh)

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A surprising burst of US hiring in January: 517,000 jobs
By PAUL WISEMAN - AP Economics Writer
Thu,02/02/23-8:21PM , 420 Reads
WASHINGTON (AP) — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation's worst inflation bout in four decades.

The job market hasn't been cooperating.
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