- December 24, 2021
- Posted by: Stratford Team
- Category: Business
The year 2021 was filled with good news and bad news.
The rapid production and distribution of COVID-19 vaccines in the developed world was astonishingly good news. So is approval of a pill that reduces the severity of COVID-19 symptoms.
The bad news is that vaccination rates in the U.S. remain woefully low. Vaccination rates in the less developed world remain low due to lack of vaccines.
The worse news is that Omicron breaks through existing vaccines. The better news is that vaccines reduce the severity of breakthrough infections. The best news may be that Omicron is less virulent than the Delta variation.
Economically, the good news is the reopening of the U.S. economy. Jobs are plentiful. Wages are rising. The stock market is setting records. Real estate is booming. The unemployment rate is less than 5%.
The bad news is that fewer Americans want jobs. The labor force participation rate remains stubbornly low. The renewed spread of COVID-19…
