Omicron Starts to Slow U.S. Economy as Consumer Spending Flags

Signs are mounting that the U.S. economy is losing some steam as the Omicron variant of the Covid-19 virus spreads rapidly through parts of the country, as reported on WSJRenewal.

The number of diners seated at restaurants nationwide was down 15% in the week ended Dec. 22 from the same period in 2019, a steeper decline than in late November, data from reservations site OpenTable show. U.S. hotel occupancy was at 53.8% for the week ended Dec. 18, slightly below the previous week’s level, according to STR, a global hospitality data. Click here to continue reading on Omicron and its effect on the U.S. Economy at The Wall Street Journal.

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