The Economic Recovery Is Here. It’s Unlike Anything You’ve Seen.
The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire and enormous policy support. Businesses and workers are poised to emerge from the downturn with far less permanent damage than occurred after recent recessions, particularly the 2007-09 downturn.
New businesses are popping up at the fastest pace on record. The rate at which workers quit their jobs a proxy for confidence in the labor market matches the highest going back at least to 2000. American household debt-service burdens, as a share of after-tax income, are near their lowest levels since 1980, when records began. The Dow Jones Industrial Average is up nearly 18% from its pre-pandemic peak in February 2020. Home prices nationwide are nearly 14% higher since that time.
La Nouvelle Tribune
The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire and enormous policy support. Businesses and workers are poised to emerge from the downturn with far less permanent damage than occurred after recent recessions, particularly the 2007-09 downturn.
New businesses are popping up at the fastest pace on record. The rate at which workers quit their jobs a proxy for confidence in the labor market matches the highest going back at least to 2000. American household debt-service burdens, as a share of after-tax income, are near their lowest levels since 1980, when records began. The Dow Jones Industrial Average is up nearly 18% from its pre-pandemic peak in February 2020. Home prices nationwide are nearly 14% higher since that time.
Provided by Dow Jones
By Gwynn Guilford and Sarah Chaney Cambon The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire and enormous policy support. Businesses and workers are poised to emerge from the downturn with far less permanent damage than occurred after recent recessions, particularly the 2007-09 downturn. New businesses are popping up at the fastest pace on record. The rate at which workers quit their jobs a proxy for confidence in the labor market matches the highest going back at least to 2000. American household debt-service burdens, as a share of after-tax income, are near their lowest levels since 1980, when records began. The Dow Jones Industrial Average is up nearly 18% from its pre-pandemic peak in February 2020. Home prices nationwide are nearly 14% higher since that time.
A cardboard sign was affixed to the front door of the Chipotle Mexican Grill. In big block letters, someone had written, with more passion than punctuation: "Sorry for the inconvenience but due to us being over worked understaffed and under appreciated we are protesting until conditions are changed." On May 8, Brands Getting Owned, an anonymous Twitter account that supports "dismantling capitalism," posted images of the Chipotle signs to its 156,000 followers. The person who sent the photos to the account didn't want to identify the Chipotle location, other than to note it was on the East Coast, messaged the administrator of Brands Getting Owned, who spoke on the condition of anonymity to avoid repercussions with his employer. A Chipotle spokeswoman declined to name the location, too.Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. Regardless, the images quickly went viral, racking up nearly 20,000 r