Welcome

Recovery Quickens as U.S. Retail Sales Soar, Jobless Claims Ease

April 15, 2021, 3:41 PM

The U.S. economy’s comeback is firing on all cylinders with employment, retail spending and manufacturing exhibiting strong gains.

Thursday’s barrage of economic data showed that some parts of the economy, like retail sales, have returned to or exceeded pre-pandemic levels. Applications for unemployment benefits, while still elevated, hit the lowest in 13 months.

The rebound in demand reflected a wave of business reopenings last month, increased vaccination rates and a fresh round of stimulus checks to households. In addition, the bounce back follows a harsh winter and surge in Covid-19 cases in many parts of the U.S. that curbed activity. ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.