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Is it over yet? Still no recession end date as U.S. economy hums along | Hellenic Shipping News Worldwide


Is it over yet? Still no recession end date as U.S. economy hums along
The U.S. economy is growing at its fastest rate since the early 1980s while household bank accounts are bulging with cash doled out by the federal government to blunt the impact of the coronavirus pandemic.
Over 900,000 jobs were added in March and a Reuters poll of economists expects just under one million more for April, although some forecasters expect double that gain.
Is the United States still in recession?
Common sense and a lot of data say no, but the Business Cycle Dating Committee, a panel organized by the National Bureau of Economic Research that acts as the official arbiter of U.S. recessions, has not yet pinned down an end date for the contraction it said started after February 2020, around the onset of the pandemic. ....

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Is it over yet? Still no recession end date as U.S. economy hums along


Is it over yet? Still no recession end date as U.S. economy hums along
Reuters
4 hrs ago
By Howard Schneider
© Reuters/Bryan Woolston
FILE PHOTO: People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort
By Howard Schneider
WASHINGTON (Reuters) - The U.S. economy is growing at its fastest rate since the early 1980s while household bank accounts are bulging with cash doled out by the federal government to blunt the impact of the coronavirus pandemic.
Over 900,000 jobs were added in March and a Reuters poll of economists expects just under one million more for April, although some forecasters expect double that gain. ....

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Insecurity: PDP Demands State Police, Border Protection Squad


 
The Peoples Democratic Party (PDP) has demanded the creation of state police, better equipment for the military, and the creation of a border protection squad.
This according to the political party is in order to urgently bring the security problem in the nation under control.
National Chairman of the party, Uche Secondus, made the call at a briefing in Abuja, on Monday.
The party chairman expressed disappointment that President Muhammadu Buhari has not deemed it fit to address Nigerians over the deteriorating security situation.
The party recommends the creation of state police, upscaling of the personnel strength of the arm forces, and the creation of a National border protection force different from the existing immigration and customs to check the influx of armed criminal gangs. ....

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