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U.S. Economy Ramps Up on Spending Surge, Hiring Gains

The U.S. economic recovery is accelerating as stimulus money, Covid-19 vaccinations and business re-openings spur a spring surge in consumer spending, a sharp pullback in layoffs and a bounceback in factory output. Retail sales—a measure of purchases at stores, at restaurants and online—jumped 9.8% in March, the Commerce Department reported Thursday. The gain in consumer spending—the biggest driver of economic activity—came as the government began distributing hundreds of billions of do...
New York United States Michelle Meyer Richard Moody Amara Omeokwe Joseph Brusuelas

U.S. Economy Ramps Up on Spending Surge, Hiring Gains | Hellenic Shipping News Worldwide

U.S. Economy Ramps Up on Spending Surge, Hiring Gains The U.S. economic recovery is accelerating as stimulus money, Covid-19 vaccinations and business re-openings spur a spring surge in consumer spending, a sharp pullback in layoffs and a bounceback in factory output. Retail sales — a measure of purchases at stores, at restaurants and online — jumped 9.8% in March, the Commerce Department reported Thursday. The gain in consumer spending — the biggest driver of economic activity — came a...
New York United States Michelle Meyer Richard Moody Joseph Brusuelas Hugh Johnston

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