Would the crisis solve the minimum wage crisis at US $ 15 per hour?
4:37
(CNN) -
The US economy expanded in the second quarter at a slower rate than expected, although it was the fastest growth since last fall.
Specifically, it grew at an annual rate of 6.5%.
It was a worse performance than expected.
Economists had forecast an annualized growth rate of 8.5% and little change from the first quarter.
However, it was the biggest jump in growth since the nation rebounded in the third quarter of 2020 from the lockdown-fueled recession.
What is the reason for the growth of the US economy?
3:02
The acceleration of the recovery was driven by the latest round of subsidies, which pushed up consumer spending.
The reopening of the economy and continued vaccination efforts that allowed Americans to safely re-participate in public life also helped.
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Economy