Back to shopping, not to work: What’s up with the US recovery?
Al Jazeera
The latest data from the United States Department of Commerce and the Labor Department paint a nuanced picture.
Americans kept spending last month, sending retail sales unexpectedly higher — but initial claims for jobless benefits also ticked up last week, sparking questions about what impact the highly contagious Delta variant of the coronavirus is having and could continue to have on the United States’ economic recovery.
Latest data from the US Department of Commerce and the Labor Department paint a nuanced picture of a country that is experiencing a surge in COVID-19 infections in some regions.
Weekly applications for unemployment benefits are rising again despite a record number of job openings in the country and the expiration of federal unemployment benefits earlier this month that enabled jobless workers to be choosier about finding their next role.
