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Despite the omicron variant, “the recovery we’re in has an awful lot of momentum,” says Visa chief Al Kelly.
Omicron might play out in a similar way to delta, with a sharp drop in consumer spending. Tourism in particular would likely take a big hit.
What’s behind the trend and how long it might last?
While there are constraints on labor supply, we’re seeing signs that some of them are easing, one economist says.
The Biden-Xi summit will not focus on the economy, but China’s has shown both weakness and strength this year.
Wages are up and unemployment is down. So why has consumer sentiment plunged to levels not seen in a decade?
Yes, there are shortages, and prices are up. But in these Los Angeles gift stores, shoppers are already shopping.
The not-so-good news? Inflation has eaten up most of the gains.
Many are demanding higher wages to return to the labor force. ADP reports private-sector employment rose strongly in September.
Parents dream of vacation, restaurants, ballet lessons — and mom finally being able to work.