Our economic headlines have been dominated by inflation. And an update out Tuesday isn’t looking good - we’re expecting to have hit another 40-year high last month. But there is some good news that you might have missed in all of this - we’re also seeing the lowest number of unemployment claims in 54 years.

• Plus, get ready for the summer of “revenge travel.”

Guests: Axios' Neil Irwin and Joann Muller.

Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Nuria Marquez Martinez, Alex Sugiura, Sabeena Singhani, and Lydia McMullen-Laird. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

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