The U.S. is slowly making strides towards economic recovery amidst the coronavirus pandemic: The unemployment rate is steadily decreasing, and with an estimated 42% of the population vaccinated as of June 7, consumers are gaining back confidence in the safety of resuming 'normal' activities.

Source: Statista

To highlight just how important the vaccine rollout is to economic recovery, Daraius Irani, vice president, division of strategic partnerships and applied research at Towson University, told WalletHub that "Achieving herd immunity will allow the businesses such as restaurants/bars, hotels, sporting venues, stadiums, and any business that supports large in-person events to resume operations. Just as important, if households feel safe, they will patronize these businesses. Re-opening the business is one thing; having customers is just as important."

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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