Business is improving in Toronto’s underground mall system, but lags street-level activity
The jobless rate is still above the pre-pandemic level, however, despite recent gains
Inflation, economic recovery and job market seen to be driving the Fed
Model forecast jumps on recent robust readings
The U.S. economy still remains under threat from a spike in inflation, shortages of labour and supplies
Declining unemployment and rising job vacancies could lead to worsening labour shortages or skill mismatches
Businesses expect profits to hold up, even as prices rise and amid labour shortages
High unemployment and labour shortages help explain why the government wants to target aid
Employers have made 18 million new hires since April 2020
Crisis not as catastrophic as first feared thanks to fiscal supports