March 16, 2021

recovery

D.C business recovery will be slow, but vaccines and spring bring hope

In some ways, it did feel like D.C. emerged from its pandemic-induced hibernation over the last week, with unseasonably warm weather, the vaccine rollout underway and residents spilling out of their homes into neighborhood streets and shops. But beneath its sunny disposition, little has changed.

Restaurants were still capped at 25 percent capacity indoors, and the once-bustling streets of downtown Washington remained almost empty. The Anthem, the music venue with the encouraging sign at the Wharf, stayed shuttered. And the coronavirus daily case rate lingered well above the city’s metric of success as demand for coronavirus vaccine doses continues to

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February job growth surges above expectations as coronavirus recovery picks up steam

The U.S. economy added 379,000 jobs in February, evidence the labor market’s recovery is gaining steam nearly one year into the pandemic as coronavirus caseloads fall nationwide and many states ease restrictions on business activity.

The unemployment rate fell slightly to 6.2% — well below the April peak of 14.7% but about twice the pre-crisis level, the Labor Department said in its monthly payroll report released Friday. Economists surveyed by Refinitiv expected the report to show that unemployment

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U.S. tells G7 that it is back at the table to help with global recovery

WASHINGTON/LONDON (Reuters) – U.S. President Joe Biden’s administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump.

U.S. Treasury Secretary Janet Yellen told her peers from the Group of Seven rich democracies that Washington was committed to multilateralism and “places a high priority on deepening our international engagement and strengthening our alliances.”

Yellen spoke to the G7 in a virtual video meeting, chaired by Britain, at which she called for continued

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