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FILE - In this May 7, 2020, file photo, a person looks inside the closed doors of the Pasadena Community Job Center in Pasadena, Calif., during the coronavirus outbreak. While most Americans have weathered the pandemic financially, about 38 million say they are worse off now than before the outbreak began in the U.S. According to a new poll from Impact Genome and The Associated Press-NORC Center for Public Affairs Research 55% of Americans say their financial circumstances are about the same now as a year ago, and 30% say their finances have improved. (AP Photo/Damian Dovarganes, File) business With layoffs down and spending up, U.S. rebound gains momentum ....
With layoffs dwindling and spending increasing, US rebound finally gains momentum Apr 16, 2021 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. ....
Apr 16, 2021 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. ....
With layoffs down and spending up, U.S. economy gains momentum Stimulus checks, return to work boost consumers By CHRISTOPHER RUGABER and JOSEPH PISANI, Associated Press Published: April 15, 2021, 8:16pm Share: 2 Photos A salesperson helps a customer shopping for boots at the L.L. Bean flagship retail store in Freeport, Maine, on March 18. Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again, the Commerce Department said Thursday. (robert f. bukaty/Associated Press) Photo Gallery WASHINGTON 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. ....