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US sees a strong recovery

The increase of 916,000 jobs in the march, considered to be the biggest burst of hiring since August. Us economy is strongly recovering from the recession. From an economist’s perspective widespread vaccinations and declining viral cases along with the reopening of more businesses, and huge infusion of federal aid and healthy job gains will help the economy to continue steady growth. In FY21 the economy is expected to expand around 7%. The US government claimed the last quarter growth of 6.4% annual rate and has more expectations from this quarter. National Association of Realtors also said on Thursday that more Americans signed contracts to buy homes in March, reflecting a strong housing market as summer approaches and similar is the response from other major tech companies.

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