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With layoffs down and spending up, US rebound gains momentum - Wilmington News Journal

With layoffs down and spending up, US rebound gains momentum By Christopher Rugaber and Joseph Pisani - AP Business Writers WASHINGTON (AP) A much-awaited economic boom coming off the pandemic recession appeared to edge closer to reality Thursday with fresh data showing the pace of layoffs dwindling, consumers spending freely and manufacturing rebounding. The latest barometers point to a U.S. economy that’s steadily regaining its health as vaccinations accelerate, business curbs are lifted in many states and more people are willing to travel, shop, eat out and otherwise resume their spending habits. Though many Americans who have lost jobs or income are still suffering, hopes are rising that the benefits of the recovery will spread further in the coming months to groups of people who have yet to benefit.

With layoffs down and spending up, US rebound gains momentum

With layoffs down and spending up, US rebound gains momentum CHRISTOPHER RUGABER and JOSEPH PISANI, AP Business Writers April 15, 2021 FacebookTwitterEmail 3 1of3FILE - In this May 7, 2020, file photo, a person looks inside the closed doors of the Pasadena Community Job Center in Pasadena, Calif., during the coronavirus outbreak. While most Americans have weathered the pandemic financially, about 38 million say they are worse off now than before the outbreak began in the U.S. According to a new poll from Impact Genome and The Associated Press-NORC Center for Public Affairs Research 55% of Americans say their financial circumstances are about the same now as a year ago, and 30% say their finances have improved.Damian Dovarganes/APShow MoreShow Less

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