Saturday, July 31

Andy Kiersz

Andy Kiersz, BI Graphics, Commerce Department, coronavirus economy, coronavirus recovery, Economic Data, Economic Indicators, economic output, Economy, GDP, GDP growth, gross domestic product, Markets, US economic recovery, US GDP, US GDP 2021

The US economy is growing way more slowly than expected, but it’s still bigger than it was before the COVID-19 recession

US gross domestic product grew at an annualized rate of 6.5% in the second quarter of 2021. The jump missed the 8.5% growth estimate but placed GDP above its pre-crisis peak for the first time. While output has fully retraced its virus-fueled drop, the labor market remains far from fully healed. LoadingSomething is loading. US gross domestic pr...
Andy Kiersz, BI Graphics, Economic Recovery, Economy, Job Growth, Jobs Report, Labor Market, Labor market data, labor shortage, Markets, nonfarm payrolls, US Labor Market

The US labor market is on pace to stage a complete recovery in 7 months

The US is on track to regain all jobs lost during the pandemic by February 2022, Insider calculates. The June jobs report showed hiring accelerated as businesses raised pay and the US reopened further. The recovery aligns with forecasts from the Congressional Budget Office and Federal Reserve officials. LoadingSomething is loading. ...