Blogs

Even as Covid-19 infections caused by the delta variant continue to rise in some areas of the country, economic activity continues to increase. Consumer spending rose at an annualized rate of 11.8 percent in the second quarter, according to the U.S. Bureau of Economic Analysis. Payroll employment increased by 943,000 in July, according to the U.S. Bureau of Labor Statistics, above expectations. The best news is that spending increases were led by food services and hospitality, some of the mainstays of local economies. Commercial enterprises are now seeking ways to grow as the economy expands...