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For The Fed, 2022 May Be 1979 All Over Again

For The Fed, 2022 May Be 1979 All Over Again
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Construction Starts Dip As Mortgage Rates Surge

The slowdown in construction activity comes as the average for a 30-year loan rose to 5.3 percent last week, up from 2.49 percent a year ago.

U S Added 400K+ Jobs For 12th Straight Month

For the 12th straight month, the U.S. economy added more than 400,000 jobs, a streak not seen since before World War II. The U.S. Bureau of Labor Statistics (BLS) today reported that total nonfarm payroll employment increased by 428,000 in April, while the unemployment rate was unchanged at 3.6%. Job growth was widespread, led by gains in leisure and hospitality, manufacturing, and  transportation and warehousing.

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