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America’s economic recovery has been somewhat disjointed over the last several months.

When retail sales would surge, job additions would falter. Consumer sentiment would improve, but unemployment claims remained at elevated levels. And while manufacturers continued to enjoy outsize demand, restaurants and brick-and-mortar stores saw elevated COVID-19 infections eat into business. 

Now, roughly one year after the pandemic began to spread across the country, those separate parts of the economy are rebounding in sync. Consumer sentiment soared to one-year highs, jobless claims stabilized near pandemic-era lows, and service-sector activity bounced back.

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