Inflation Continues
Jobs Growth Slows Even as Unemployment Falls

GDP Grows at 6.7% in Second Quarter

The U.S. economy continues to climb out of the COVID-induced recession of 2020.  The latest GDP data, released yesterday by the BEA, revised the real GDP growth estimate for the second quarter up to 6.7%. 

GPD2021.IIC

In normal times, 6.7% real GDP growth is phenomenal.  But now, 6.7% doesn't even get us all the way back to the Pre-COVID trend.  Of course, the main culprits continue to be the Delta variant and also supply-chain issues that remain unresolved.  This Washington Post article is a good resource for an overview of some remaining supply chain issues.