Axios

Cocoa prices have plunged from last year's record highs — but shoppers are still paying more for Easter chocolate, Wells Fargo says.

Why it matters: Once food companies raise prices, they're slow to bring them back down when ingredient costs fall — even as consumers are expected to spend a record $24.9 billion on Easter this year, according to the National Retail Federation.

One of two crew members of a U.S. fighter jet that was shot down over Iran was located and rescued by U.S. special forces, and the search for the second is ongoing, an Israeli official and a second source with knowledge of the situation told Axios.

The latest: Iran is also hunting for the crew and has asked civilians in the area to join the search, offering a reward if they're found.

The economy has spent much of the past year lurching between job gains and losses. Call it the yo-yo job market.

Why it matters: For years, the labor market reliably added jobs every single month, even as hiring cooled.

• The economy has entered a more volatile state, with March's blockbuster jobs report arriving in a more unsettling pattern of sharp gains followed by outright losses.