U.S. Economy Ramps Up on Spending Surge, Hiring Gains
Published by
The Bangkok Post

The U.S. economic recovery is accelerating as stimulus money, Covid-19 vaccinations and business re-openings spur a spring surge in consumer spending, a sharp pullback in layoffs and a bounceback in factory output. Retail sales — a measure of purchases at stores, at restaurants and online — jumped 9.8% in March, the Commerce Department reported Thursday. The gain in consumer spending — the biggest driver of economic activity — came as the government began distributing hundreds of billions of dollars of stimulus funds to households. It was the largest monthly gain since last May, during the ini…

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