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Calculated Risk: Homebuilder Comments in June: It s not fun to be a builder anymore
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Calculated Risk: Homebuilder Comments in Mid-May: Reducing Sales, Limiting Sales
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There s been a lot of optimism in the past few months that the US economy would bounce back from the pandemic with a 7% growth spurt this year, boosted by the rollout of vaccines, fiscal stimulus and pent-up demand. It s one of the reasons why the S&P 500 closed Friday at an all-time high.
But just as most of the country was speeding into reopening, April s disappointing jobs report cast doubt over whether we ll be able to achieve those lofty growth forecasts. If the millions of workers who lost or left their jobs in 2020 don t rejoin the workforce this year, those 7% growth expectations will prove to be far too high.
Opinion: 7% growth looks a lot harder after the April jobs report
CONOR SEN/BLOOMBERG OPINION
Bill Pugliano/Getty Images
There s been a lot of optimism in the past few months that the U.S. economy would bounce back from the pandemic with a 7% growth spurt this year, boosted by the rollout of vaccines, fiscal stimulus and pent-up demand. It s one of the reasons why the S&P 500 closed Friday, May 7, at an all-time high.
But just as most of the country was speeding into reopening, April s disappointing jobs report cast doubt over whether we ll be able to achieve those lofty growth forecasts. If the millions of workers who lost or left their jobs in 2020 don t rejoin the workforce this year, those 7% growth expectations will prove to be far too high.
7% Growth Looks a Lot Harder After the Jobs Report
May 11 2021, 2:30 AM
May 10 2021, 8:46 PM
May 11 2021, 2:30 AM
(Bloomberg Opinion) There s been a lot of optimism in the past few months that the U.S. economy would bounce back from the pandemic with a 7% growth spurt this year, boosted by the rollout of vaccines, fiscal stimulus and pent-up demand. It s one of the reasons why the S&P 500 closed Friday at an all-time high.
(Bloomberg Opinion) There s been a lot of optimism in the past few months that the U.S. economy would bounce back from the pandemic with a 7% growth spurt this year, boosted by the rollout of vaccines, fiscal stimulus and pent-up demand. It s one of the reasons why the S&P 500 closed Friday at an all-time high.
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