After this extremely hard year that we have all had, the world is finally starting to look normal again. The number of cases are decreasing, the weather is getting warmer, and it’s finally starting to feel like we are heading in the right direction. And that includes our economy.
Yes, you read that right! Our economy is finally looking up. Last month, employers were able to add a total of 916,000 jobs to our job market. This is solely because consumers have more money in their pockets, businesses are finally able to relax a bit, and employers are looking to hire more people.
Honestly, we have President Biden and the third stimulus check to thank for this. Because of the extra $1,400 given out, people everywhere are looking to spend that money on things they need and things they want. That means more demand for businesses and more movement in the economy.
Alongside the third stimulus check, the number of COVID-19 cases are dropping which is putting people at ease. More people are comfortable enough to go out and eat at restaurants, shop, and do all the normal things we used to do before the pandemic hit. After the horrible year that we have had, we are finally starting to see a light at the end of this incredibly dark tunnel.
But for how long?
Experts are saying that the only way we can see the economy go back to the way it was pre-pandemic, we need to keep up the good work. We can’t afford another spike in cases and we can’t afford going into lockdown again. In order to the 22 million jobs lost to be fully recovered, we will need to have eight to ten months that are identical to March. Can we do it? Time will tell.
What are your thoughts about the recent spike in our economy? Let us know in the comments below!
This article was originally published on GREY Journal.