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U.S. Covid cases have fallen to less than half of the pandemic’s most recent peak, a sign that the country may be moving past the punishing wave brought on by the delta variant this summer.

The U.S. reported an average of 72,000 new cases per day over the past week, according to data compiled by Johns Hopkins University, down 58% from the most recent high mark of 172,500 average daily cases on Sept. 13. Vaccination rates have also risen in recent months — albeit more slowly than when the shots were first rolled out — to nearly 58% of fully vaccinated Americans as of Thursday, Centers for Disease Control and Prevention data shows.

“Personally, I’m optimistic that this may be one of the last major surges, and the reason for that is because so many people have been vaccinated, and also because a lot of people have had Covid,” said Dr. Arturo Casadevall, chair of molecular microbiology and immunology at the Johns Hopkins Bloomberg School of Public Health. “We now have a lot of immunity in the population.”

Hospitalizations are also falling. About 51,600 Americans are currently hospitalized with Covid, according to a seven-day average of data from the Department of Health and Human Services, roughly half of the 103,000 Covid patients reported at the most recent high point in early September. And while the U.S. is still reporting 1,400 daily Covid deaths, that figure is down 33% from the latest peak of nearly 2,100 deaths per day on Sept. 22.

Case counts have fallen in every U.S. region, most sharply in the South, where the delta wave hit hardest over the summer.

Health experts are still urging caution to a country that they recognize is exhausted by the pandemic. Rising infections in Europe, the possibility of a new variant, and the approaching holiday season are concerns despite the positive trends.

Warning signs in Europe
As the pandemic eases in the U.S., global cases are on the rise again after two months of declines, World Health Organization officials said Thursday. Infections in Europe are fueling the worldwide increase, while case totals continue to fall in every other region of WHO member states, data from the organization shows.

Cases worldwide climbed 4% over the week ended Sunday, with almost 3 million new infections reported during that period. Europe alone represented nearly 57% of the total number of new cases, the WHO measured.

That’s concerning for Americans because pandemic trends in the U.S. have often followed those overseas. The delta wave surged in Europe before it took hold in the U.S. this summer, for example.

“A lot of times, what we see in Europe is sort of the harbinger of what we see in the U.S. And so it concerns me that cases there are on the rise,” said Dr. Barbara Taylor, an assistant dean and associate professor of infectious diseases at the University of Texas Health Science Center at San Antonio.

Population-adjusted case counts in Europe including the United Kingdom recently overtook those in the U.S., according to a CNBC analysis of Hopkins data, and are up 14% over the prior week.

European countries are reporting a seven-day average of 275 daily new cases per million residents, compared to 218 daily cases per million people in the U.S. as of Oct. 28.

Threat of a new variant
Though U.S. case counts are trending downward, they are still elevated, and continued transmission of the virus means there are ongoing opportunities for new variants to emerge.

“The final potential threat or thing that worries us all is the ability of Covid to change and mutate,” said Taylor. The emergence of a new variant “could change everything about the pandemic over the next six months,” she added.

The WHO is monitoring four Covid variants of concern, a list reserved for mutations that are more contagious, more severe or more adept at evading vaccines and other treatments. Delta remains the world’s most dominant variant, and WHO researchers are tracking more than 30 subtypes of the strain, new mutations that haven’t changed enough to be considered individual variants.

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U.S. Covid cases fall to less than half of peak delta levels as country approaches holiday season