The economy during that period seems to have out grown the pandemic period….
But?
Everywhere you go?
Businesses ARE looking for help….
Some bosses are ordering people back to work…
And some of those people are NOT gonna be in a hurry to return…
The experts are really not gonna know WTF is ACTUALLY going on for a year or more in my humble un-expert opinion….
For the first time since the pandemic took hold, economic output eclipsed its pre-pandemic high, after adjusting for inflation. However, that doesn’t mean the economy is back to the level it would have been at had the pandemic not happened, because about a year of continued economic growth is missing….
…
Economists still hope for strong continued growth in 2021. But that optimism has been complicated by surging coronavirus cases and the spread of the delta variant of the virus, particularly among unvaccinated people. On Tuesday, the Centers for Disease Control and Prevention urged indoor mask-wearing for people in coronavirus hot spots and other circumstances….
…
Still, policymakers and economists must see through the fog of this recovery, despite rocky indicators that are changing in real time.
In contrast with GDP, the labor market remains stubbornly far from a full recovery….
Hmmmmm???
Job Openings Above 10 Million for First Time
CNBC: “The number of job openings in the U.S. economy jumped to more than 10 million in June, the highest on record.”