Following the latest jobs report data, which showed a significant slowdown in job growth for April, many states are considering terminating pandemic fueled unemployment benefits early.
US retail sales flat, inflation fears on the rise
The Labor Department reported 473,000 new seasonally adjusted claims for jobless benefits made in the week ended May 8, fewer than expected and 34,000 less than the previous week's upwardly revised level.
While wholesale prices and food costs increase, experts say it's to be expected when coming out of a recession.