omicron news economy by first american news

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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