2021 marked strongest economic growth since 1984

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It may not have felt like it but the U.S.economy grew 5.7% last year, making 2021 the strongest year of growth since 1984. It bounced back sharply in the fourth quarter as consumers splurged again after a summer spike in COVID-19 cases eased and businesses replenished depleted inventories. Altogether, the economy grew 5.7% in 2021 and generated a record 6.4 million jobs.  By comparison, in 2020, the economy shrank 3.4% and lost 9.4 million jobs as the pandemic shuttered businesses and kept Americans from their normal activities.

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