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Key Takeaways

President Biden signs the $1.9 trillion American Rescue Plan. A UK trial finds the Novavax vaccine to be 100% effective against severe COVID-19, paving the way for its emergency authorization.  South Korea will suspend defense exchanges and reconsider sending development aid to Myanmar.

Condition Updates

A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state.

Uneven Recovery in the US Labor Market

One year after COVID-19 was declared a global pandemic, encouraging signs give the US reason to hope for a strong economic recovery. Below the surface of this promising picture, however, more concerning signs point to an uneven recovery in the US labor market, which could exacerbate underlying inequalities and leave the post-pandemic US with new long-term employment problems.

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