The first quarter of 2021 has been a period of extraordinary transition. At the start of the year, the seven-day pace of vaccines administered in the United States was averaging just over 325,000 doses a day. As of this writing, the U.S. is administering more than 3 million vaccine doses a day, on average. Non-farm payrolls rose by 916,000 this March, exceeding economists’ estimates of 675,000, while the unemployment rate fell to 6%. Jeffries reported that business activity in March was at 93.5% of its pre-pandemic levels. In January, we witnessed rioters attack the seat of our democracy and overtake our capitol building. Yet somehow today, we are watching a new $1.9 million government stimulus plan being injected into our economy— with the debate over an additional large infrastructure package already underway.
April 2021
