U.S. Economic News
February 23, 2021
U.S. Economic Indicators
The Conference Board’s Consumer Confidence Index rose from 88.9 (revised) in January to 91.3 in February. Consumers’ assessments of current business and labor market conditions increased, while near-term expectations for jobs, business conditions, and financial prospects slightly moderated. Conference Board Report
U.S. News
The Wall Street Journal reports that national employment in residential construction, package delivery, and warehousing now exceeds pre-pandemic levels, while overall manufacturing employment is just 5% below its February 2020 level. Blue-collar employment, which is traditionally negatively impacted by economic downturns, has been boosted by a buoyant housing market and high e-commerce sales – trends that are expected to persist even after widespread vaccine distribution later this year. WSJ