U.S. Economic News
April 28, 2021
U.S. Economic Indicators
The U.S. Census Bureau Advance Economic Indicators Report shows that the goods deficit widened to $90.6 billion in March from $87.1 billion in February. Meanwhile, wholesale inventories rose 1.4% and retail inventories fell 1.4%. Census Bureau Report
U.S. News
The New York Times reports that domestic manufacturers are struggling with shortages of labor and parts as demand for goods surges amid the overall economic recovery. Factory production is expected to return to pre-pandemic levels by the third quarter of this year, but long-term trends suggest rebuilding employment in the manufacturing sector will be difficult, as manufacturing failed to fully recover lost jobs after each of the past several U.S. economic downturns. NYT