The economy is finally booming, but millions of Americans can't feel it -- yet

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. Apple, Amazon, Caterpillar and other major companies are minting money.

Apple alone said revenue will be up to $4 billion lower this quarter because of"supply constraints" such as procuring chips. At the same time, the cost of copper, lumber and other raw materials has climbed sharply. And businesses are having serious trouble finding the skilled workers required to ramp up."There is a lot of competition for talent," said Gitlin, who added that Carrier is hiring hundreds of workers in Tennessee alone.

Does CNN ever write a positive news? Ever?

Yea - the welders drillers machine operators on the keystone pipeline. First time I’ve seen cnn be honest 😀👍

please retweet. Mauritania is facing acute humanitarian needs, including high levels of food insecurity (over 25 per cent of the population in severe food insecurity in most of the provinces) and very high rates of acute malnutrition. UN

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With 8 mln Americans out of work, why are more companies not filling jobs?Analysts estimate U.S. employers added nearly a million new jobs last month, but the question is not why U.S. employers hired so many, but why they did not hire more? I am looking for new, good friends That could be a million dollar question. Recent example of large retailer hiring more: mgr decides to hire 2 more people as team of employees can't handle work load. 1st full week for new hires, other team members' hours are drastically cut (zero hours) w no warning. Guess wht next week's hrs are? Still unknown.
Source: Reuters - 🏆 2. / 97 Read more »