Page 10 - Greg Daco News Today

A shortage of school bus drivers has complicated an already stressful back- to-school season across the U.S. According to some in the field, the problem might be a long-term situation.

With the U.S. labor market likely to bounce back strongly this summer from a surprisingly tepid April showing, the risks of an overheating economy remain on the rise. “I do think there is a very good chance it [economy] will overheat,” said Jefferies Chief Financial Economist Aneta Markowska on Yahoo Finance Live. “I expect us ...

U.S. stocks end week higher on good economic data despite inflation MarketWatch 1 hr ago MARKET SNAPSHOT Video: Wall Street shakes off inflation rise and closes higher (Reuters) Wall Street shakes off inflation rise and closes higher Replay Video UP NEXT U.S. stocks closed higher Friday, booking weekly gains with support from data confirming an economic recovery from the coronavirus pandemic, despite inflation running at its highest annual rate in about 13 years. U.S. financial markets will ...

U.S. stocks closed higher Friday, booking weekly gains with support from data confirming an economic recovery from the coronavirus pandemic, despite inflation running at its highest annual rate in about 13 years.

Reuters: 1 million jobs likely added to the U.S. economy last month. MarketWatch: The Dow climbed to a new record on Thursday ahead of today’s monthly jobs data anticipated at 8:30 a.m. A strengthening economic recovery and effective vaccine rollout in this country have been the main focus for bullish investors.  Weekly filings for unemployment benefits have dropped 33 percent since the start of April, seen as “ further confirmation that a recovery in the labor market is well underway,” ...

US Stimulus Fuels Sharp Rebound In Income, Spending In March 04/30/21 AT 9:40 AM Americans saw a big recovery in earnings last month, boosted by a new round of government aid that quickly found its way to retailers, according to government data released on Friday. Personal income surged 21.1 percent in March after falling seven percent in the prior month, "impacted by the continued government response to COVID-19," the Commerce Department said. The $1.9 trillion American Rescue Plan relief meas...

Thursday, 29 Apr 2021 11:36 PM MYT People wearing protective masks are seen in Times Square during the outbreak of the coronavirus disease (Covid-19) in the Manhattan borough of New York March 25, 2021. — Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. WASHINGTON, April 29 — The US recovery from the destruction inflicted by Covid-19 is accelerating amid widespread vaccinations and massive government stimulus, with data released today showing ...

US Recovery Accelerates As Growth, Hiring Rebound By Heather Scott and Chris Stein 04/29/21 AT 11:18 AM The US recovery from the destruction inflicted by Covid-19 is accelerating amid widespread vaccinations and massive government stimulus, with data released on Thursday showing another jump in growth and further signs lost jobs are being restored. Robust consumer spending and a flood of federal money helped boost annualized GDP growth in the first quarter to 6.4 percent, the Commerce Depar...

The risks of going too big on the economy are real, as Summers warns in a Washington Post op-ed — but the White House argues going too small could be riskier.

U.S. Labor Nonfarm Payrolls Down 140K in December The U.S. shed 140,000 jobs in December as a resurgence of the coronavirus ended seven months of job growth and weakened the recovery. Restaurants and bars drove the decline by cutting 372,000 jobs last month, the Labor Department said Friday. The broader category of hospitality and leisure industries — which adds hotels, museums, tourist sites — also saw losses, while schools and governments cut jobs as the pandemic triggered new restriction...