Statement of G7 Finance Ministers and Central Bank Governors marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
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WASHINGTON (Reuters) - A measure of U.S. services industry activity increased to a record high in May amid robust demand as the economy moves toward fully reopening, but businesses are struggling to source raw materials and labor, driving up production costs.
A customer service agent waits for customers at a Delta Airlines check-in counter at Washington s Reagan National airport as the novel coronavirus (COVID-19) pandemic continues to keep airline travel at minimal levels and the U.S. economy contracts in the first quarter at its sharpest pace since the Great Recession, in Washington, U.S. April 29, 2020. REUTERS/Kevin Lamarque
Interim OCC chief has full plate — but acknowledges limited authority americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
In Our View: Lumber crunch expected to be temporary The Columbian
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Just as the United States is coming out of the woods of the pandemic, it is running out of wood. Skyrocketing lumber prices have been one of the unexpected results of the coronavirus pandemic.
As Levi Means of Parr Lumber told The Columbian: “There have been big surges in the past; in the early 2000s during the height of the housing boom before the major recession, you saw some pretty large increases in the cost of materials. They pale in comparison to this, fractions of what we’re seeing now.”