News Summary June 9, 2021
Today's Top Story: 24 Million Pounds of Snow Crab Arrives in April and Disappears!
The current U.S. economic recovery is unlike any in recent history, powered by consumers who have saved trillions of dollars during the pandemic. The ending of the pandemic with vaccine levels increasing is unleashing pent-up consumer demand from the pre-shutdown economy. According to U.S. Commerce Department data, spending at stores, restaurants, and online shopping portals increased in March 2021 to $620 billion and stayed at that level through April. These levels are $100 billion larger than the same period in 2019 when the economy was booming...
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