大俠行天下日記 我見我聞我思 05/25
The U.S. Economy Is Coming Back
According to the latest report, the U.S. economy is on the cusp of a full recovery. It showed that it is 90% of the way back from where it was before the pandemic began over a year ago.
The nation still has a million fewer jobs compared to before the pandemic. In the same time a lot of employers say they can’t find the workers they need. As April 2021 America was still short 8.2 million jobs compared with February 2020.
Today the healthcare, retail and real estate job postings are going through the roof. Low interest rates are being fueled by a housing boom across the nation.
While the economy is driven by consumers as they are spending money again on restaurants and travel, the rising cost of raw materials will continue fueling inflation.
We are so glad the recovery is on the way. We as the people have just been suffering so much for such a long time.
We still want to urge President Biden to pay more attention to many small businesses in the local community. They still need some help to recover.