The national unemployment rate dropped from 3.6 percent in February to 3.5 percent in March.
In December, the national unemployment rate dropped to 3.5 percent, down 0.1 percent from the previous month.
The Inflation Reduction Act (IRA) was recently passed by Congress and is now expected to be signed by President Joe Biden. The bill, a key part of the President’s agenda, allots the largest federal clean energy investment in U.S. history.
A survey of consumers released on Monday by the Federal Reserve Bank of New York found that expectations of inflation in the next few years has declined for the second month in a row.