economy Tag

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After the pandemic took a large toll on the United States economy, employees who had previously lost their jobs have made a return to the workforce and employment in the country has made a comeback. Despite the return to work, inflation has become a serious issue and the economy is on the brink of another recession, something that has not happened since 2020 due to the COVID-19 recession. As costs for goods and services continue to rise, American workers are feeling the strain on their wallets. Incomes for workers have stayed stagnant while prices for things like food, gas, and household goods continue to grow at a high rate. The U.S. remains in a tight labor market that is...

As our nation continues to recover from the global economic stress that was the COVID-19 pandemic, the outlook for the economy in 2022 is still a bit of an unknown. With the development of the latest strain of the virus, however, the United States may be facing another roadblock on the path to recovery. The coronavirus has already caused a significant drop in consumer spending and business investment, both of which are critical components of GDP growth. In addition, the Federal Reserve’s recent interest rate cuts have helped support the economy by lowering borrowing costs for consumers and businesses. But with the potential for future outbreaks of the coronavirus, it seems unlikely that we will see a return to...