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Economy advanced 6.5% from April to June – Illinoisnewstoday.com

Economy advanced 6.5% from April to June – Illinoisnewstoday.com

From Washington-The United States announced Thursday that the world’s largest economy advanced 6.5% between April and June. This is a slightly faster annual pace than the first three months of the year, as the country is steadily regaining its foothold in the economy. Coronavirus devastation. The size of the US economy (about $ 23 trillion)

From Washington-The United States announced Thursday that the world’s largest economy advanced 6.5% between April and June. This is a slightly faster annual pace than the first three months of the year, as the country is steadily regaining its foothold in the economy. Coronavirus devastation.

The size of the US economy (about $ 23 trillion) is above pre-pandemic levels as it recovers faster than many economists predicted during its worst closure over a year ago.

The proliferation of coronavirus delta mutants can now impair business operations in some parts of the United States, and as a result, analysts say the economy could cool somewhat in the coming months.

However, second-quarter growth was fueled by widespread resumption of operations, immunization of millions, and trillions of dollars of government pandemic aid sent to all but the wealthiest American families. rice field.

This series of situations helped boost the rapid increase in consumer spending, which accounts for 70% of the US economy. According to the Commerce Department, April-June figures were one-tenth higher than January-March’s 6.4% ahead of schedule.

White House spokesman Jen Psaki said that second-quarter economic growth is “further evidence of remarkable progress that has caused the economy to grow rapidly from one of the darkest moments in history … we are the first. Half of this year, at the fastest rate in almost 40 years, it created 3 million new jobs and halved new unemployed bills. “

Still, she said, “There is still work to be done to bring the economy back better, and we cannot be satisfied when too many Americans are still facing the pressure of economic uncertainty.” I admitted.

Meanwhile, the Labor Department reported Thursday that 400,000 unemployed workers filed their first unemployment insurance claim last week. This is a decrease of 24,000 from the previous week’s revision.

New weekly unemployed bills are consistent with bills in recent weeks, but the sum recorded just before the coronavirus disrupted the US economy 16 months ago and closed many US businesses. It is well above 256,000.

Weekly billing sums have been tracked unevenly over the last few weeks, but overall, unemployed billing, which is a substitute for worker dismissal, is well above pre-pandemic levels, while 4 It has decreased by more than 40% since the beginning of the month.

Coleen Piceo, Marketing Director of YoursTruly Restaurant, signed an employment sign on June 3, 2021 in Chaglin Falls, Ohio.

About 9.5 million people are unemployed in the United States and are looking for a job. According to the government, there are 9.2 million jobs, but the unemployed skill set does not always match the needs of employers.

The United States added 850,000 jobs in June, with an unemployment rate of 5.9%. Some employers are offering cash bonuses to new employees to take on jobs as the economy recovers and consumers are willing to spend.

Governor and local government officials across the United States have put an end to coronavirus restrictions, and in many cases companies can fully reopen to their customers for the first time in a year. It can lead to more employment of workers.

Currently, more than 60% of adults in the United States are fully vaccinated with the coronavirus, helping the economy recover.

Currently in the United States, delta variants of the coronavirus are spreading rapidly, infecting tens of thousands of unvaccinated people. This week’s Centers for Disease Control and Prevention says that even fully vaccinated people will need to re-wear face masks in some indoor public places in countries where the number of new infections is skyrocketing. Said. A local civil servant who wants to return to normal life completely.

Many state officials offer a variety of incentives to encourage unvaccinated people to get vaccinated. The United States had been vaccinated at least once by the Independence Day holiday on July 4, and failed to meet President Joe Biden’s goal of 70% of adult Americans. Currently, this figure is shy at 69.3%, and Biden and health officials urge people to be vaccinated almost every day if they are not vaccinated.

People are waiting in line at the Miami-Dade County COVID-19 test site in Hiarea, Florida, on July 26, 2021. People are waiting in line at the COVID-19 inspection site in Miami-Dade County, Hialeah, Florida, on July 26, 2021. Disease management.

With the resumption of business, many employers have reported a shortage of workers, especially for low-paying jobs such as restaurant servers and retail store clerks. Byden last week at CNN’s city hall with Ohio voters, employers struggling to find enough workers could become workers to agree to accept jobs He suggested that people might need to be offered more money.

In addition to lower per-state payments, the federal government has approved a supplementary unemployment allowance of $ 300 per week for unemployed workers until early September.

However, at least 25 of the 50 states, all headed by the Governor of the Republican Party, have ceased participation in federal payment programs, and this benefit allows workers to make more money and make more money than they can get back to work. A job that claims to hurt recovery by not filling in something.

However, some economists say that other factors, such as lack of childcare and fear of being infected with the coronavirus, can affect people’s workplaces because the first delta variant found in India infects more people. It is said that it is preventing the return.

The US economy has evolved as funds from Biden’s $ 1.9 trillion coronavirus bailout package pass through the economy. This measure could have boosted consumer spending, as millions of Americans, excluding the highest-paying earners, are currently receiving $ 1,400 stimulus checks from the government or have already been sent additional cash. there is.

As more money is in the wallet and more people are vaccinated, Americans return to some sort of normal sensation, go to restaurants and spend money on items they haven’t bought for a year. I have. However, it is unclear how the new surge in coronavirus cases will affect the economy.


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