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With layoffs down and spending up, US rebound gains momentum - Wilmington News Journal

With layoffs down and spending up, US rebound gains momentum By Christopher Rugaber and Joseph Pisani - AP Business Writers WASHINGTON (AP) A much-awaited economic boom coming off the pandemic recession appeared to edge closer to reality Thursday with fresh data showing the pace of layoffs dwindling, consumers spending freely and manufacturing rebounding. The latest barometers point to a U.S. economy that’s steadily regaining its health as vaccinations accelerate, business curbs are lifted in many states and more people are willing to travel, shop, eat out and otherwise resume their spending habits. Though many Americans who have lost jobs or income are still suffering, hopes are rising that the benefits of the recovery will spread further in the coming months to groups of people who have yet to benefit.

Economy on cusp of recovering | Business | The Journal Gazette

Economy on cusp of recovering | Business | The Journal Gazette
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AP News in Brief at 11:04 p.m. EDT

AP News in Brief at 11:04 p.m. EDT
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AP News in Brief at 12:04 a.m. EDT

AP News in Brief at 12:04 a.m. EDT
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