The economy is finally booming, but millions of Americans can't feel it -- yet

  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

United States Headlines News

United States Latest News,United States Headlines

The US economy is roaring back to life. And yet the rebound is incomplete and uneven, leaving millions of Americans on the outside looking in. | Analysis by Matt Egan

The US economy just notched its fastest first-quarter GDP growth in nearly four decades. Armed with stimulus checks and tax credits, Americans are spending aggressively. Hiring is surging as broad swaths of the economy -- including even New York City, the epicenter of the pandemic -- prepare to fully reopen for business. Apple, Amazon, Caterpillar and other major companies are minting money.

Apple alone said revenue will be up to $4 billion lower this quarter because of"supply constraints" such as procuring chips. At the same time, the cost of copper, lumber and other raw materials has climbed sharply. And businesses are having serious trouble finding the skilled workers required to ramp up."There is a lot of competition for talent," said Gitlin, who added that Carrier is hiring hundreds of workers in Tennessee alone.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Does CNN ever write a positive news? Ever?

Yea - the welders drillers machine operators on the keystone pipeline. First time I’ve seen cnn be honest 😀👍

please retweet. Mauritania is facing acute humanitarian needs, including high levels of food insecurity (over 25 per cent of the population in severe food insecurity in most of the provinces) and very high rates of acute malnutrition. UN

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

With 8 mln Americans out of work, why are more companies not filling jobs?Analysts estimate U.S. employers added nearly a million new jobs last month, but the question is not why U.S. employers hired so many, but why they did not hire more? I am looking for new, good friends That could be a million dollar question. Recent example of large retailer hiring more: mgr decides to hire 2 more people as team of employees can't handle work load. 1st full week for new hires, other team members' hours are drastically cut (zero hours) w no warning. Guess wht next week's hrs are? Still unknown.
Source: Reuters - 🏆 2. / 97 Read more »

Sex Doesn’t Feel Worth The Effort When You Can’t Get OffSex Doesn’t Feel Worth The Effort When You Can’t Get Off “Sometimes I don’t bother. Just not worth it, not worth my time or my effort and I’d rather sleep than spend an hour grasping for an elusive orgasm.” My heart goes out to the 60 something percent of women who never reach climax :( I'd rather be eating cake. Then sleep. This person is absolutely not alone! Those anti-depressants are the bloody devil! I was on them for 5 years...I finally had enough. I found a good therapist, some REALLY good cannibis and I'm much better off because of it! 😉😎
Source: ScaryMommy - 🏆 116. / 63 Read more »

37 Summer Sundresses to Wear Right NowOn the sweatiest of days, a barely-there dress will always be the easiest, breeziest option So chic Thank you for being size-inclusive!
Source: TheCut - 🏆 720. / 51 Read more »

From incentives to easy access, experts discuss defeating vaccine hesitancyHow public health officials can reach those Americans who have yet to get inoculated. please retweet. Mauritania is facing acute humanitarian needs, including high levels of food insecurity (over 25 per cent of the population in severe food insecurity in most of the provinces) and very high rates of acute malnutrition. UN 💉👀 You can fool some of the people some of the time but you can’t fool all of the people all of the time .The vaccine is experimental we won’t be part of the experiment! We assert our Constitutional Rights!
Source: ABC - 🏆 471. / 51 Read more »