Paul Dietrich’s Market Commentary – B. Riley Wealth Management: COVID vs the Economic Recovery
WHAT DO LEADING ECONOMIC INDICATORS SIGNAL?
The U.S. economy was growing like gangbusters – and then the Delta variant came along, slowing things down substantially. Last month, the U.S. economy added only 235,000 new jobs, far fewer than expected and vastly missing economists’ expectations of 750,000 new jobs. The Covid Delta variant has also led to supply disruptions that distort the jobs market, consumer prices, and the broader economy.
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