"The nation has very low unemployment figures, but that masks a complex labour market."

>"A discussion over whether price controls would work to stem inflation is sweeping progressives. So far, it has little political acceptance."

>"What happens to the economy is contingent on what happens with the Covid-19 virus, and as long as the virus isn’t under control, neither is the US or global economy."

"Schools and social assistance agencies face staffing shortages as they compete with businesses able to raise wages — and services are suffering."

"The highly intricate and interconnected global supply chain is in upheaval, and in one way or another, much of the crisis can be traced to the outbreak of Covid-19."

_...Read More_

"Shortages and inflation aren’t uniquely American problems."

"The Federal Reserve is closely watching inflation, and the numbers have been sharply elevated in recent months."

"It is unclear whether current widespread product shortages are merely a temporary disruption or evidence of a global production meltdown. But today’s supply shocks offer striking parallels with the 2008 global financial crisis, and may _...Read More_

>"Growth of 4.9 percent shows the country’s huge industrial sector has run into trouble. But exports and services are looking strong."

"Federal Reserve officials are preparing to slow bond buying and are divided over when they might need to raise interest rates as inflation bites."

"Current wage rises will be short term, and expensive for consumers."

"The post-war economy showed that matching unemployed workers with jobs can be challenging even amid headlines of labour shortages"

More than a quarter of the 500 firms polled said the lack of staff was putting pressure on their ability to operate at normal levels, with reduced stock – due to the resulting supply chain disruption – hurting their business.

"Shortages in the United States are piling up. Covid isn’t the only reason for the problem"