May Jobs Report: Economy "Rising Like a Phoenix"
MAY JOBS REPORT: ECONOMY “RISING LIKE A PHOENIX”
by Dr. Bernard A. Anderson
Professor Emeritus, the Wharton School, University of Pennsylvania
Senior Economic Advisor, National Urban League
As the season moves from spring to summer, the economy is rising like a phoenix. The pandemic is coming under control following widespread population vaccinations. Business activity is increasing in many industries driven by federal government spending.