When examining July 2021’s economic reports, enormous job growth rippled across the economy as unemployment benefits abruptly ended.
While significant economic news came out this week, retail sales dropped. In spite of this, the travel and entertainment industries saw a major a boom.
This week, GDP fell short for a roughly neutral takeaway while inflation reached a new milestone. Overall, analysts saw an abundance of news.
After last year's events, no one prepared for an unpredictable 2021 as experts worry about inflation, recovery, and COVID-19.
The latest data shows that inflation continues its epic climb while home sales rapidly recover across the country. However, there was little economic news this week.
After last year's partial economic shutdown, the outstanding economic rebound slows its growth while inflation explodes, leading to worry.