Economics
U.S. Economy’s Revival Pivots on People Returning to Yoga, Bars
- Bullish bet on employment and recovery hangs on service sector
- Next jobs report on Friday will shed light on industry status
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Wall Street’s most bullish economic forecasts hang on a simple prediction: everybody will flood back soon to their local gyms, bars and yoga studios as if the pandemic was in the past.
A jobs boom in the vast U.S. service sector – the nation’s largest employer ranging from software developers to the local Chipotle – is a central part of bold calls on growth this year.