Wholesale prices can offer an early look at where consumer inflation might be headed.
Despite the pullback in sales, home prices continued to rise last month.
It’s the first read on inflation to capture the effects of the Iran war.
A number of high-profile companies have cut jobs recently, including the software maker Oracle.
The Labor Department reported Friday that hiring marked a rebound from the loss of 133,000 jobs in February.
Small businesses still struggle to fill jobs as hiring challenges and costs remain stubbornly high.
Revisions also cut 69,000 jobs from December and January payrolls.
A downturn in government and consumer spending contributed to the slowdown in fourth-quarter growth.
On a monthly basis, consumer prices rose 0.2% in January from December, while core prices rose 0.3%.
U.S. employers add surprising 130,000 jobs last month, but revisions cut thousands of 2024-2025 jobs
The job market has been sluggish for months even though the economy is registering solid growth.