EPISODE · Jun 4, 2021 · 9 MIN
Signs the economy is strengthening, just in time for summer
from The Week in Philly from KYW Newsradio · host Audacy
Over 550-thousand jobs were added last month as the US continues to emerge from the pandemic, and April's numbers were revised up as well. Average hourly earnings are up a couple percent, are we seeing the market compensate for the worker shortage? We're seeing some inflation now, but what's the difference between what's happening in 2021 and what happened in the 1970s? And we're finally seeing the numbers to show the economic impact of the stimulus packages -- how much did they help the average American? David Fiorenza, economist at the Villanova School of Business joins KYW Newsradio In Depth to talk about what happened this week in the economy and what it means for all of us in our daily lives.
What this episode covers
Over 550-thousand jobs were added last month as the US continues to emerge from the pandemic, and April's numbers were revised up as well. Average hourly earnings are up a couple percent, are we seeing the market compensate for the worker shortage? We're seeing some inflation now, but what's the difference between what's happening in 2021 and what happened in the 1970s? And we're finally seeing the numbers to show the economic impact of the stimulus packages -- how much did they help the average American? David Fiorenza, economist at the Villanova School of Business joins KYW Newsradio In Depth to talk about what happened this week in the economy and what it means for all of us in our daily lives.
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Signs the economy is strengthening, just in time for summer
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