Moms Are Struggling to Break Back Into the U.S. Workforce
“Even as the economy brightens with every jab in an arm, signs are emerging that resume gaps and ongoing child-care responsibilities are still holding many women back. Mothers between the ages of 25 and 54 remain out of the workforce at higher rates than everyone else, according to analysis by the Federal Reserve Bank of San Francisco. And as more women do return to work, Covid has permanently changed career aspirations with part-time work rising and as some seek different vocations entirely. Others aren’t sure they’ll return to work at all.”
ECB Seen Slowing Bond-Buying by July as Vaccinations Pick Up
“The European Central Bank will slow its emergency bond-buying by July and signal at the end of this year that the program will come to a halt in March 2022, according to a Bloomberg survey of economists. More than 60% of respondents predict the ECB will stick to its current timeline for net purchases, and almost as many expect it to give three months’ notice before stopping the program. Economists don’t expect any policy changes at next week’s meeting.”
China Joins U.S. as Engine of Global Recovery With Record Growth
“China’s economy strengthened in the first quarter of the year as consumer spending rose more than expected, putting it on course to join the U.S. as twin engines for a global recovery in 2021. Gross domestic product climbed 18.3% in the first quarter from a year earlier, largely in line with the 18.5% predicted in a Bloomberg survey of economists, though that record-breaking figure was mainly due to comparisons with a year ago when much of the economy was shut due to coronavirus. Retail sales beat expectations while industrial output growth moderated.”
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