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Photo: David Paul Morris/Bloomberg via Getty Images

Household income grew by a record 21.1% in March thanks largely to the Biden administration's coronavirus aid.

Why it matters: "The strong gains provided more evidence that the economy is poised for a robust recovery following last year’s pandemic-triggered recession," AP reports.

The big picture: As the U.S. vaccine rollout continues to help bring the pandemic under control, more sectors of the economy are reopening and turbo-charging the country's economist recovery.

  • Consumer spending increased by 4.2% in mid-March, likely due to stimulus checks and other aid from President Biden's $1.9 trillion relief package, per the The Wall Street Journal.

Go deeper: Here comes the reopening boom

Go deeper

Biden touts huge jobs report as U.S. vaccination rate hits 50%

President Biden trumpeted the strong July jobs report on Friday as evidence that his economic plans are working, but emphasized that more work still needs to be done to ensure the economy's full recovery as the Delta variant continues to spread.

Why it matters: The U.S. added 943,000 jobs in July, while the unemployment rate fell from 5.9% to a new pandemic-era low of 5.4%. But the jobs survey was taken in mid-July — meaning it doesn’t fully reflect possible effects from the recent surge in COVID-19 infections driven by the Delta variant.

Leisure and hospitality continue to fuel job gains

A sign recruiting workers at a Perkins Restaurant last month. Photo: Paul Weaver/SOPA Images/LightRocket via Getty Images

Workers taking up gigs at bars, restaurants and hotels are a mainstay of the pandemic job market’s healing.

Why it matters: Since the industry shed the most workers when COVID-19 hit, it has the most room to recover.

Biden wants 500,000 EV charging stations. Here's where they should go

A public charging station at Union Station in Washington, D.C. (Photo by Drew Angerer/Getty Images)

Fewer than 10% of Americans have easy access to an electric vehicle charging station, and those who do tend to be wealthy and white.

Why it matters: The Biden administration wants EVs to comprise 50% of all new car sales by 2030, an ambitious target that will likely require broader consumer incentives. But if electric vehicles are going to achieve mass market adoption, people also need to be able to find charging plugs.