U.S. Economic Snapshot
April 2024
United States
The elusive “soft landing” in the U.S. economy continues to stay just out of reach. Consumer inflation accelerated for the third month in a row, with an increase of 3.5% over the last year. The Gross Domestic Product increased by 3.4% in its final 2023 fourth quarter estimate. And monthly employment growth again surpassed expectations, with 303,000 jobs added in the month as the unemployment rate dropped to 3.8%.