WASHINGTON — The U.S. economy is sparking confusion and whiplash almost as fast as it’s adding jobs.
“Things exploded — it was like a light switch,” said Kirby Mallon, president of Elmer Schultz Services, a family-owned Philadelphia firm that repairs and maintains kitchen equipment for restaurants and other clients. “The labor market is just out of control. We literally cannot hire technicians … We ramped up so quickly, the supply chain wasn’t ready for it.’’
Economic forecasters, with little historical precedent to guide them through the aftermath of a global pandemic, are pondering questions they can’t answer with any confidence:
Does robust consumer…