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Growth surge masks worker and supply shortages in US economy
Washington reports a rebound with 559000 payroll gains in May after 278000 in April, yet job openings outpace applicants. Economists note a short term mismatch from COVID disruptions, high consumer spending, and stimulus checks. Wages rise as firms like Ace Hardware expand hires. state budgets rebound on federal aid, with varied fiscal outlooks.
MENTIONED IN THIS ARTICLE
Washington
Kirby Mallon
Elmer Schultz Services
Philadelphia
Gina Schaefer
Ace Hardware
Maryland
Virginia
Washington, D.C
Schaefer
COVID
Rabeela Farooqi
U.S
Conference Board
Farooqi
Chamber
Justin Theal
Pew Charitable Trusts
Pew
Idaho
Utah
Colorado
South Carolina
South Dakota
California
Massachusetts
New York
Bob Rankin
Joint Budget Committee
Rankin
Missouri
Dan Haug