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Employment continues to improve - What does this mean for the Fed?
April's Employment Report revealed the continued strength of the job market, which is still recovering from the record job losses resulting from the pandemic. How long can this trend continue and what does this say about the overall economy? And what does this mean for the Fed, which again raised rates this week with the hopes to slow down inflation. Nationwide's Chief Economist David Berson and Senior Economist Ben Ayers take a closer look at the employment report and discuss potential impact of the Fed's recent actions. [NFM-20130AO.33]
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