white and brown wooden blocks on brown wooden floor

First Quarter Review of 2021

While 2021 has not been boring, at least it’s not as wild as 2020. Here is a recap of everything that’s happened in 2021 in the first quarter.

 

January 2021

January definitely kicked off this year with a bang. First, the Capitol fiasco. After that incident, the left and the right are more against each other than ever. Then, Trump gets banned, which leads to media subscriptions going down. Magazines, blogs, and news channels are seeing less attention now that Trump isn’t around anymore. Two weeks later, the world held their breaths as Joseph Biden swore in as the 46th President. But yet, this and the stock market kept people tuned in. The great GameStop incident led to a stock market frenzy. Hey, it also led to fire memes. Bitcoin is now popular again and rising. One of the best parts of January? The Bernie Sanders mitten meme.

 

February 2021

Then February blows in with the craziest winter storm most Texans had ever seen. On the bright side, the forced quarantine reduced COVID cases. So, hospitals finally got a little relief. While we had to rough it, we found warmth in friendly neighbors and hospitable family members and friends. And, now we know how to be better prepared. Thankfully, the government is taking care of relief procedures. Congresswoman AOC raised $2 million for Texas!

 

March 2021

March was a good month. The Biden administration passed the second round of stimulus checks. This helped those affected by the winter storm. Also, March 11 marked the anniversary of the COVID-19 shutdown. Now, the world is in a better mood as the vaccine is more widely available. Along with that, but businesses and events are opening up at full capacity again. Slowly but surely, we see life returning to normal. While gas prices are going back up, it’s nothing to worry about. It’s only returning to the same prices as pre-COVID. Lastly, the 200,000-ton Evergreen cargo ship was finally recovered out of the sand and is afloat again. This allowed for business along the Suez canal to resume.

 

A lot happened in the first quarter of 2021. Now we are in April, and things are looking bright. We are thankful for all the good news that we come across. We’re looking forward to seeing what the rest of the year has in store for us. Let us know if we can help out with any big plans that you may have in mind!

 

Interested in marketing assistance? Contact Redwood Creative today!

2021 Economics

Economy 2021 Outlook

After this disaster year, we are all hoping for 2021 to give us some relief, economically and personally. Some economists are pointing to a brighter future, but it all depends on the virus and the presidential results. But so far, it wouldn’t hurt to at least hope for a better year next year. Here’s what 2021 will likely look like, and how to help the economy.

 

 Employment

First, jobs are making a slow but sure comeback. Many of them are blue-collar jobs, such as construction. As restaurants re-opened, the service industry boomed. Food and retail are one of the biggest contributors to the rising job market. This will counter the Federal Emergency Management Agency running out of funds to help support those still unemployed. Not surprisingly, medical workers surged. The consumerism of medical supplies and products has been a great contributor to our economy. Industry jobs are returning as well. It looks like all job types are rising, while hotel & hospitality stagnates.

 

Small Businesses

Pandemic or not, it’s tough running your own business. But, as people become more aware of big corporations’ greed, small businesses are getting more recognition. Dallas-Fort Worth and other cities are starting to see little mom and pop shops open back up. This is great for stimulating local economies, and better for middle and lower-class income. These are typically small cafes and barbers/hairdressers. Small businesses got hit the hardest, but they are determined to survive!

 

 The Economy

A recession hit when COVID-19 hit. Housing and gas prices went down, and general consumerism slowed. Thankfully, we will swing back upwards and not go into a depression. Economists mention that with jobs back on the market now, businesses and consumers alike could further pull the US out of the recession and keep us out. After months of cancelled vacations and tight budgeting, the nation is ready to get out and spend money again. Once travelling is back to normal rates, we could see international relations improve monetary conditions.  Most of next year will be spent on financially recovery. The unemployment agency and other agencies will work hard to regain what was lost in COVID-19 expenses.

 

So, how can you help with getting our economy back on track for a better fiscal year next year? You can shop at local businesses, or even online. The more money consumers pitch in, the more jobs can be created. Earn money any way you can and pay your taxes. While taxation may seem daunting, it only benefits us by giving us better schools and roads. And finally, stay in great spirits! The only way to have a brighter future for all is for more positive mindsets. Here’s an link further detailing what happened this year, and how it will affect next year’s economic state.

 

Interested in marketing tips? Contact Redwood Creative today!