CNN on the 5th:
The US economy just notched its fastest first-quarter GDP growth in nearly four decades. Armed with stimulus checks and tax credits, Americans are spending aggressively. Hiring is surging as broad swaths of the economy -- including even New York City, the epicenter of the pandemic -- prepare to fully reopen for business.
CNN on the 7th:
The US economy added only 266,000 jobs in April on the anniversary of the worst job loss for any month on record. That was far less than forecasts of economists, who had predicted America would add 1 million jobs last month.
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But the labor market isn't necessarily in trouble.
This happens when you simply can't admit that the democrats are not doing a better job at this than what Trump was doing, from November last year they have just managed to arrive at 8.2 million jobs lower than February 2020 compared to 9.8 in November, and this with relaxing restrictions all the time, at this pace it will take more than two years to match pre-pandemic levels. And the consequences are clear, they will need more checks, they will have fewer income sources, they will need to raise taxes, which leads to fewer jobs.
I wonder if they've realized that winning the election was more like getting a wrecked car as a gift that will cost you more to trash it than all the other presents combined.
The really bad news for US non-Americans is that there is always a domino effect, wonder how long till it hits Europe.