Gross domestic product (GDP) growth in the first quarter of the year appears stronger than we projected in January,  1/3  BIS - Central bankers' speeches  supported by a bounce in exports and solid consumer spending. The labour market is still tight.
The unemployment rate, at 5%, remains near its record low, and wages continue to grow in the 4% to 5% range. Employment growth has been surprisingly strong, reflecting continued demand and increases in labour supply, as more women have joined the workforce and immigration has increased.