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Economic recovery

Federal Reserve points to risks in the current economy

by Justin Ho
May 7, 2021
Soaring asset prices, as in the stock market, and risky bets by financial firms could be vulnerabilities.
The lofty levels of stock prices are among the risks to financial stability the Fed is monitoring.
Johannes Eisele/AFP via Getty Images
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Do we really want to go back to the pre-pandemic economy?

by Kristin Schwab
Apr 29, 2021
True, the economy was in good shape before COVID-19. But it wasn't working for many.
Before the pandemic, Black workers were seeing historically low unemployment rates but were still almost twice as likely to be jobless as white workers. Above, a woman in Hollywood, Florida, uses her laptop to file for unemployment benefits in March 2020.
Joe Raedle/Getty Images
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GDP grows at fastest rate since Reagan era, but there's still pain

by Sabri Ben-Achour
Apr 29, 2021
Economists expect the U.S. to surpass the GDP we’d have seen if COVID-19 hadn’t happened. But many still wait for jobs to come back.
Even as the U.S.' GDP improves, it'll take a while for that to have an impact of jobseekers, if it ever does.
Spencer Platt/Getty Images
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What consumer spending can tell us about the economic recovery

by Marielle Segarra
Apr 28, 2021
The numbers are a snapshot of March, when many Americans were spending freshly received stimulus checks.
This Friday's consumer spending numbers will mostly be based on the experience economy, which includes services like bars, hair salons and theaters.
Gabriel Kuchta/Getty Images
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New data points to strengthening economic recovery this year

by Justin Ho
Apr 15, 2021
Jobless claims and retail spending data out Thursday suggest that the economy's laying the groundwork for recovery.
This March, spending at restaurants rose by more than spending at grocery stores, a positive sign for economic recovery.
Octavio Jones/Getty Images
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COVID-19

Vaccines won’t be a silver bullet for economic recovery, according to experts

by Katherine Wiles
Apr 15, 2021
Experts said COVID-19 will not be eradicated and more than vaccinations are needed for economic recovery during a hearing held by the Joint Economic Committee Wednesday.
"We can't only rely on vaccination,” said Dr. Céline Gounder during a Joint Economic Committee hearing Wednesday.
Scott Olson/Getty Images
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COVID & Unemployment

Small businesses are having trouble filling job openings, so some wages are rising

by Justin Ho
Apr 15, 2021
Almost half of small business owners said in a survey they couldn't fill open jobs, so many of them are offering more money.
Many small businesses are realizing they have to compete with the amount of money people are receiving in unemployment benefits if they want to fill empty positions.
Justin Sullivan/Getty Images
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Both passengers and drivers are feeling better about ride-sharing

by Samantha Fields
Apr 13, 2021
Uber just had its best month ever. "We're seeing ride demand track closely with vaccination rates," Lyft's president told us.
More and more people getting vaccinated and having places to go, and they need some way to get there.
Timothy A. Clary/AFP via Getty Images
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IMF warns global growth will be lopsided

by Sabri Ben-Achour
Apr 5, 2021
It may take years for much of the world to match the U.S. and China, where bigger vaccine rollouts have sped up economic recovery.
As some countries recover, interest rates rise, making it harder for the economies of other countries to rebound.
Karen Bleier/AFP via Getty Images
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Job creation soars in March

by Mitchell Hartman
Apr 2, 2021
Employers added 916,000 jobs in March and the unemployment rate fell to 6% as vaccination spreads and the economy reopens.
Jobs at restaurants, hotels and bars are among the more than 900,000 added across many industries.
Jeenah Moon/Getty Images
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