The recession worries and the inflationary environment have been concerns for investors looking to benefit from the economic recovery. However, The U.S. economy added slightly more jobs than expected in April, as the Nonfarm payrolls grew by 428,000, a bit above the Dow Jones estimate of 400,000.
According to a Federal Reserve report, the total industrial production rose at an 8.1% annual rate for the first quarter. Moreover, President Joe Biden's $1 trillion bipartisan infrastructure bill, which includes $550 billion in new spending for building roads, rails, and bridges, is expected to help the sector grow significantly in the upcoming months.
